Deal Term: 15 Years Total Buildout/LL Cost: ~$12.8 million (prior to financing costs) Average Annual Lease Revenue: $961,500 - Total Lease Revenue estimated to be $14.4 million over term of the deal.From a pure cash flow perspective - obviously wouldn't do this deal, but factoring in a likely exit within the next 15 years w/ a great credit tenant...

There is also the problem of over crowded court dockets that may slow things a bit, and there is a real possibility of the new Delta strain causing courts to close again temporarily.I don't want this to evolve into a purely political argument, but how many of you will be evicting tenants and how many, and how many are you working with who are behind and not evicting them?

Cameras change the game, pure and simple, especially cameras with digital recording, night vision, web upload capabilities, motion detection spotlights.

but, I personally find it unsatisfying and frustrating to have someone start a thread about them investing in RE syndication and asking other investors experience only to find that they have started the same exact thread many times in the past AND  after my exposure to their post....and then to top it off they are not even really investors, nor are they really going at the topic from an investor mindset, but, rather have a purely 100% ulterior motive of promoting their own syndication....AND to add injury to insult, they are really horrible garbage investments.My opinion of most accredited investors, is that trust is a key component for them, when investing in Syndication. if the networking technique is disingenuous, it just comes off as corny-time-share-tactics-manipulative base level conduct that is unappealing, untrustworthy and wastes time.I will say that all your points of essentially "caveat emptor" regarding ones own filter for things anywhere on the internet(including BP)are true, but, the benefit of micro-social media- climates like Bigger Pockets is that you get the benefit of other like minded, maybe even I dare say "smarter than me" individuals, weeding out what is the inevitable dissent into Craiglistification of said micro climate...meaning that eventually if all the post, or some critical mass of the posts, become of the aforementioned disingenuous type, the benefits of the this type of forum become less evident or more cumbersome and timely to get value from, and maybe even have negative return on time-equity.....IMHO

I purchased the property with cash, and am 100% fine to wait the 6 months and collect pure cash flow if I have to, but I have seen numerous stories in the BP forums of lenders that do not have the seasoning requirement.

@ Neil Garceau,What i will suggest is for you to look for an Asset Based Hard Money Lender that does not consider income or Credit, underwriting is based purely on the asset and its cash flow. 

Expected net profit from sale: ~50kRent: $1,800PITI Payment: $930So even with conservative reserves (30% = $540), I can pure cash flow about $330 by holding. 

Even at 2% over 30 years that’s only 82k financed.This isn’t looking like much of a deal as a long term rental unless you are doing a pure appreciation play.

Make sure your do the numbers for when you move out and as long as it cash flows “PURELY” you will be great.

Stay near your work, buy pure investments in langley / abbotsford etc.Do NOT move out there, you will be spending minimum 2.5hrs driving each day.I have a rental in pomo, and vanc, 20% down on both, both cashflow negative.