If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

Legal advice - get an attorney to draft the PPM and do a 506c and follow the rules.

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

And unfortunately, even when a syndicator is performing above projections, if the stock market comes down, that LP is likely going to stop investing based on asset allocation rules.  

Second option is while finding a good GC to work with or rule of thumb I would say is make sure you don't pay over 25% of construction cost.  

Also, if you really want to use FHA for your next purchase, you'll want to dig into the 100-mile rule to see whether it will impact your situation.

Rents are anticipated to be 2250/mo so it fits nicely with the 1% rule. 

Others follow the 1% rule, calculating annual maintenance costs at 1% of the property value.Property managementHiring a property manager can help to eliminate the stress of residential real estate investing.

Hone Microsoft Excel skills by creating 12 tab pro-formas to practice 1% rule underwriting on $100K single family homes. 4.

With that being said, as long as your return is fairly straight forward, you should be okay but if you have multiple rentals and other things going on, always worth at least a chat with someone.