Remember when land buyers pick a target, they have TONS of work to do getting that property from dirt to payday, so they know their purchase choices, and they have a war chest usually stacked up ready to go.

All the partners must agree to make the choice, and the partners must be able to figure their own taxable income without figuring the partnership's income.  

How does one define design choices, etc?

In the end, it is viewer’s choice to follow what they think is more reasonable.

Plus, the population growth and job market around Tampa keep driving rental stability, making it a solid choice for both cash flow and long-term equity.

It’s never as simple as it first appears, which is why we always advise our clients to let the math guide the choice.

Look to other members suggestions and, definitely interview your Realtor choices before going headlong into an agreement.

After talking with an operator I felt he was a good choice for a tenant and he mad a great offer above market for the apartment so we agreed.In the past I would usually rent my own units and to stay competitive I would keep an eye on the rentals in the area and try to be one step above if I could....This time that was a little tougher as the neighborhood hasn't gotten very trendy. 

This can be very expensive and is usually the worst choice because you can't justify the cost.2.

So if the LP's have enough cash they simply pay the loan off and own it free and clear.. but the size of the deals are so large raising cash to pay off debt simply is not realistic at all so if the property goes into default your junior position investors find themselves wiped out.Further more thats why a debt fund like Chris has can be a good choice for the very conservative investor..