You'll miss something, misunderstand something, the sentence will appear to mean one thing when really it means something else.

Is this correct or did he misunderstand my question?

I think I'm misunderstanding.

To be clear on a common misunderstanding is that hard money lenders are ‘loan shark’ kind of lenders while this is more of a commonly used source of capital funding in fix and flips than not.

Make An Agreement On Splitting Expenses And Profit – You should agree early on how expenses are going to split and where the profit goes so there are no misunderstandings further down the line.

Unless I misunderstand something, the typical Fannie forbearance plan allows property owners to tack on additional payments at the end of their mortgages so the fact that 2.3 million took advantage of the program to maintain their lifestyles during the lockdown does not indicate that a wave of foreclosures should be expected. 

The misunderstanding came because GP Sponsor A who is HQd in CA issued me a K-1 for a property that is based in GA with their business mailing address in CA showing on the K-1 as opposed to where the property is in GA, and the LLC was opened/registered in GA.

If you don't want to tie it up, then you don't buy the property, unless I am misunderstanding something.Beyond that, you are getting a 15% ROI on your improvements.  

Clarify this with an accountant for sure because I’d hate for your parent’s wishes to be missed simply because of a misunderstanding there.As far as negative cashflow vs positive . . .

Or maybe I'm just misunderstanding something.