I make sure (1) the borrower has a 10-20% (or more) down payment of his OWN capital invested (2) I understand time value of money and use a realistic and appropriate interest rate to determine the actual value of the note I’m holding and (3) obtain a personal guarantee unless the entity purchasing the property has financial strength in its own right (4) the lien I hold is in 1st position.

So we are not in agreement.I sent this to my tax accountant https://www.investopedia.com/terms/p/passiveincome.asp.She sent the IRS link to me https://www.irs.gov/pub/irs-pdf/p925.pdfI wonder how your tax accountant treat your private lending interest?

It's no guarantee but it's a good place to start.

Hitting that 1.20 ratio would be tough in a lot of markets though....too many unknowns to guarantee anything, but it might be worth checking into futher if you can get the stars to align. 

I like the idea of tying seller agreement to pay buyer broker fees with an appraisal guarantee, especially if broker fee is added to list price with list price already being top of market.

Is it ok to post a link to the crexi listing or address here so someone with more experience can help me on what else to look for and how to find the additional info?

Send me the address and link if you want - I'd love to take a look.

Hi Ricardo,Can you please share the link to the zip code data from Crestcore?  

So you're getting quoted currently in the 7's for personally guaranteed loans, but want non recourse options below 7? 

And I can pretty well guarantee that nothing was ever sent via certified mail.  80 cases of a lawyer not sending important documents via certified mail establishes precedence, and willful deceit.If you can establish that the lawyer is acting unethically, or better yet illegally, then you may be able to counter sue the lawyer and his firm for damages.