If it’s a larger home that could see a dip in occupancy during those months it may be worth it to take the 15% cut but have it fully booked!

Most of the ones we won worked out ok, but one wreaked so badly of cat urine even after stripping out all the soft surfaces we cut our losses and sold it to a handyman unfinished who wanted to live in it and refinish it himself.  

They NEVER EVER cut the grass so the weeds are all over my backyard chain-link fence that divides our properties. 

And even though I would have a lot of cash tied up, I would always have the option to cash out refi. 

You bear all the risk and the sponsor gets a big cut, while make preposterous fees all along the way.

The sink cut out is the same, the undermount sink/install is the same and the difference between $45 and $60-$75/sf surfaces is not significant.

There have been a number of syndications that have quit paying dividends as of late because they were tied into variable interest rate financing, and as the Fed raised rates there wasn’t enough money left over to pay dividends.  

@Jose AlonsooWhen there is a lien on a property the title company must pay off all other debts tied to the property… so they will not distribute those monies to you.  

How they overcame it is either finish out the project and don't use them again or cut them loose and get a new contractor to finish the work!

Sorry to hear about your frustrating experience and having your money all tied up.