He is putting in 15% of equity as his family office as a TIC, tenant in common to the deal via a 1031 exchange, so that aligns him with LPs better than 99% of deals out there, also GP fees are fair to reasonable, 8% pref, then 80/20 and then for >14% IRR, they split 70/30, so better than 95% of last 100 deals I have seen.

@Ben Zimmerman most lenders don’t allow you to pay mortgage via CC for this reason.

For the Marriot hotel it’s more of a business, so the dividends are large (up to 16%) but the refi and/or sale only planned to return capital, so most of the profits come to you via monthly dividends.

It's not only going to be worth more via appreciation, you're also significantly more de-risked.  

I’m purchasing the home through an estate via the sister of my neighbor, her and I are in contact and she is considered a friend.

I get a lot of inquiries via email- or those silly Zillow "I'm interested" which I think people just click on for fun.1.

I've engaged with him on twitter and talked to him via video.

I would search for contractors via google with good reviews and go from there 

You will either need to payoff the second via a HELOC or second mortgage or refinance the entire note (both 1st and second)

Hi BiggerPockets Community,I'm having trouble managing mortgage payments for my rental duplex property and could use some advice from those who have dealt with similar situations.Background:The mortgage for our rental duplex is in my and my wife's names.Our LLC holds the property deed via a quitclaim.We set up a business checking account for the LLC to receive rent payments and manage property expenses.The Problem:The bank requires that mortgage payments be made from an account in my and my wife's names, not from the LLC's business account.