Simply, a percentage of the profits; so only AFTER the investors get their investment back + a “preferred” return of usually 6-8% annually.Here is how our equity (as opposed to our debt/loan/notes) syndications are set upwe as syndicators get a either a 3% broker fee or 3% acquisition fee at purchasewe get a management fee competitive with outside managementwe get 10% of gross rents as ASSET management feeonce investment is liquidated we receive 15% of proceeds ABOVE or AFTER investors receive their capital returned plus 10% annual calculated income including any distributions of earnings. 

He's out in Worcester all the time so his advice here is great.Funny that you mentioned those window wells, I was watching a video from @Mark Ferguson that had the window wells in a basement unit:Basement window well youtube videoDefinitely cool to see!

I'm not a huge fan of paying cash since you lose liquidity. 

I plan to have $60k in liquid assets to be able to invest.

Not the first won't be the last.This will depress home prices as people liquidate their STR's in the area.

I would wait to save up the liquid.

It's good to become an investor once you amass enough liquidity to run your project, get the title to the house, pay crews full salary, order materials, fix and wait until your property is sold without paying a penny in interest rates to HML.

That is something that people might come across, sometimes elderly sellers just want the liquidity as soon as possible.  

To do real private lending you'd need at least 500k liquid unless you just lay out all you have in every loan 1 at a time.Then there is Gap funding. 

If you are buying for appreciation, you are buying at a time where we just hit record high median sales price in April (slight decrease into May.)Now, all this talk of Orlando "cooling" is only looking at the increasing inventory, which is still below 6 months... prices increased four straight months to start the year before a 0.9% decrease April to May.