Thanks for sharing the idea that Fix-It-All absorbs water and can promote rot in the wood it contacts.

Marketing efforts--- Do they promote themselves on several platforms?

Syndications are extremely risky investments where one has no control over their investment, no ability to liquidate their investment, no control, no title, and no way of verifying the investment promoter's claims. 

No, material costs sit nearly identical.

On our end, we do our best to promote direct bookings, so our guests can avoid the OTA fees.

I was able to negotiate a package that included the land, some of the materials, and the permits to build it.

The Assessments levied by the Association shall be used exclusively for payment of Common Expenses including, without limitation (i) the upkeep, maintenance and improvement of the Common Areas and other maintenance obligations set forth in Sections 10.1 and 10.3 below; (ii) maintenance, repair, replacement, and operation of rights-of-way and easements within or immediately adjacent to the Project (e.g. landscaping and sidewalks within the right-of-way of adjoining streets) to the extent that such actions are required by government entities or deemed appropriate by the Board, (iii) promoting the recreation, health, safety and welfare of the Owners and other lawful occupants of Lots within the Property, (iv) payment of property taxes for the Common Area; (v) insurance premiums; (vi) legal and accounting fees; (vii) management fees; (viii) charges for utilities and other services provided to the Common Area by the Association, if any, and for all utility charges paid or incurred by the City and reimbursed by the Association for street lights in the Common Area; (ix) costs to maintain the entrance features, including any electricity, landscaping and irrigation expenses associated therewith; (x) the performance and exercise by the Association of its rights, duties and obligations under the Project Documents, and (xi) maintaining any Stormwater Control Facilities located on portions of Common Areas to the standard required by the governmental entity or agency having jurisdiction over such areas.

This is more of an equity play, and if you're going to live in it, then that is a material benefit as well, along with the cost seg benefits.Always think of your exit strategy when analyzing a deal.

Except, for a group that is only putting in 0.5% of the equity, taking 28% of the promote seems very out of market, to me.

We do the whole place in the same material (these are all apartments) and people love it, just like if someone put hardwood through the whole house.