Talk it over with everyone in your family and consider a compromise that keeps everyone happy and still achieves your goals.Some say go for it, go for it.

I imagine there has to be an LLC #1 for the project, then an LLC #2 for 50% of the project that my friend and his friends will own, then lastly an LLC #3 compromised of my family for our $500k that we put into LLC #2?

Then you will have to make some compromises in order to find the sweet spot for your renovation costs.

@Michael Glaspie you should not be compromising on a SEC attorney since the good one will save you from a lot of other risks too and here are a couple of recommendations who I know a lot of syndicators use for their SEC stuff. https://www.crowdfundinglawyers.nethttps://syndicationattorneys.com

Don't waste energy trying to work with her, if you do you will be manipulated and be forced to compromise.

Don't compromise your criteria just because others are willing to do that.

Don't compromise your own or others' safety to get a deal done or try to create a bigger profit.

Yeah I was thinking that but I live in New Jersey and I was planning to buy in another market possibly out of state, everything I’ve been looking at has an overwhelming price and I wanted to keep my current job and moving would compromise that.

If they say they don’t want any increase (also common), explain that market rate is $650 (provide comps), offer to fix whatever issues they have, and if it’s still a deal breaker for them at $650 compromise at $625.

I want to find out why they are selling the property and try to find a good compromise.