Just like our BANKERS validate and question our deal analysis, you need to be the BANKER.Majority of the Syndication failures going on right now are due to either Short-term financing used on longer term projects- in a period of extreme interest rate hikes, material Inflation, or Covid related supply chain or personnel issues.You as the BANKER, know that all of the above should have been covered by the Syndicator and by you the BANKER. 

-therefore, there won't be any net 'cash flow to cover rent' for years.to be clear, i say this not to say "don't invest out of state." investing out of state is fine. 

I am wondering if the 2nd position notes in PPR fund are covered by Equity or not?

I’d have a better picture by sitting down with someone at a bank, but I did a calculation online and the new loan on cashing out $130k would still be covered by the current rental payment.

Otherwise, you won't have the extra funds necessary to cover the rising costs of goods and services in the future.What causes rents (and prices) to increase?

A typical rehab usually takes 2-3 months, but it can take longer for a full gut and heavy rehab like yours.

There are definitely some pockets of fairly priced duplexes to at least cover some of the mortgage, but tough to actually come out in the green monthly if you’re living in the other unit.

Storm damage would commonly be covered by your homeowners insurance.10.

Then you end up getting harassed by some jackass who acts like he owns the place and you have to cover his paycheck.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.