I've bought a lot of property but only as a principle and never as a syndicator.What do you mean by you "landed" the 250 unit deal?

This information was obtained from the Texas Real Estate Principles ll course. 

If she can't wait that longAustin's solution for seller financing is great but I can tell that neither you nor your friend have much experience in real estate so that may be tricky for you guys to negotiate.Another option is to look for a deal together and you buy the deal and sell her a note for x% financing or partner up on a deal 50/50 if you have the funds.It really depends on your friend's objectives.

Done right, holding might just meet the needs of your retirement, children's college education or other financial objectives of your golden years quite nicely, making you appreciate that foreclosure you bought and held in Parker way back when.  

Especially if in reality the carpet has lived most of its useful life and its time to change them anyway...I totally get the desire to want to stand by your principles.....and I hate to cave to tenants since it also trains them to be a PITA to their next landlord.... but its s business and you have to pick your battles and move on

However, even it the market stays flat you have the equity gained from the principle pay down (generally ~$125/month at start of loan per $100K borrowed (using 4.75%): $400K loan produces ~$500 principle pay down on the first loan payment (so ~$6K for the year)). 

It all depends on what your objective of your prepayment penalty is. 

My objective is to simply make people aware that it's not easy and if you don't know what you are doing it can turn out really bad.

I don't know the answer to this, but I was thinking about it today....If you have a ROTH...key word...ROTH IRA, I don't see why the PRINCIPLE of that account couldn't be counted as liquid because it is POST tax and relatively easy to access with penalty.

Don't go after "shiny objects of distraction".