If E has any priority over B, for instance, I would not invest in this structure, given that my bank account puts me at a Class B share (side note, their Class B is a little more GP friendly on the surface, than other groups, but devil is in the detail).  

Let me guess, RH, REDS , ALL S Monument ? 

If you'd like our "Keep or Sell" spreadsheet, email me at [email protected], but I think that you'll have to be very aggressive with your assumptions around rent growth and price appreciation in order to justify keeping this property. 

It was the right decision for me at the time to have it be an LTR, but it's a PITA restoring it.

Many insurance policies also require re-development within two years, a near impossible timeline in a region with the coastal commission, perhaps only second to Manhattan in terms of permitting and red tape.

Quote from @Jay Redding: @Wade Wisner -  Most of the notes that we purchase we keep in our portfolio and borrow against them with private capital.

. $1500- $960 + $200 IS $340Cash in your pocket after everything roughly $1500-$1160-$340 which is not bad for a 100% financed deal(INFINITE RETURNS)Now, If you ran this analysis on a 1% deal as @Nicholas L. mentioned you will undoubtably end up in the red each month.All the best!!!

Great question Todd, first red flag is asking for full payment upfront.

I instead look at it as a potential red flag.

It would be helpful to me at this time, to have about $25K in working capital for work on one of my multi-family properties.