It seems like far more complicated things get done to close deals all the time.

So the sponsor participates in the 70% along side of the private investors according to how much of the down payment they participate in plus the sponsor gets the remaining 30%.Many of the structures are more complicated than this with a priority of how cash flows are distributed but I kept it simple here.

Also, I still help a family friend manage and maintain his larger strip mall in Kent.A mid rise might bring a lot of complications I don't know if I want yet. 

It is a little more complicated to sell them off separately, but not impossible.

Anyway, I may have complicated the picture.

My personal opinion is that QB and the like are good for very big companies with a complicated portfolio and your accountant who can just import the data and saving him work.

Tom Kuhen University Hts is a complicated market because there are so many similar homes.

@Lelith WalkerYour governing documents should outline the procedures (judicial foreclosure, non-judicial foreclosure, etc.) the state of New York may also have provisions in their condominium law that governs how you can collect.

Sounds complicated. 

When you convert it to rental, you still get #1 & #2, plus you can depreciate the home over 27.5 years.This stuff gets a bit complicated, so see a CPA or find one for when you start renting the home.