When I moved from Italy to Spain, I carried my credit history with me as the two countries have a very tight relationship and very similar systems.

I spoke to him and he's probably willing to carry anything above the $90K, but he does need that amount in cash.I suppose the main strategy would be to go and get a loan from someone willing to sit in 3rd position. 

Wholesaling carries less risk, but will require a lot of effort and funds to scale in most (but not all cases).In my opinion, house hacking is the best way to get started.

If you can prove the lender originated a loan with you and did not have the capital to fund the loan in its entirety, this might be a claim as you are going to experience delays, higher carrying costs etc.

Also, you generally expect carrying costs to increase over time as well.From your description of opt2, you re looking at 10 years... 

Instead of us both putting money in up front together I would put up the money down, and cover the renovation cost, and carrying costs.

And, I get why you view it as success: more deals = more fees and more chance to collect carried interest.But, the logic of this statement is purely beneficial to the GP and detrimental to the LP.  

What are your carrying costs?

I like to incorporate FF&E as a future investment (if construction carries over into the next year) and use MIRR instead of IRR.

And before anyone brings up volatility, the only reason syndications are not as volatile as public REITs is because syndicators never perform mark-to-market NAV, net of fees and carry, on any interval, let alone minute by minute.