The property cash flows at a 15% ROI…………………..before insurance, debt service, utilities, management, vacancies, repairs, maintenance, payroll and property taxes7.

There are syndication/crowdfunding funds currently being launched now which intend to take over deals from syndicators/operators (where those same owners would otherwise have to turn the keys over to the bank).Generally the ones in trouble are those that structured too aggressively (high debt, floating rate, etc).

As you pay off the debt are you comfortable with $4M equity exposure within a single LLC?

I'm talking $100 to now $450 per lead in my area.

I have a lead on multi-family deal that should cash flow at least 1k/month, probably more.

For instance, if the neighboring unit has a shut-in chain-smoker, or the house has railroad tracks behind it, it is definitely better to let a lead know and lose them than to not disclose, upset them and lose them (after they leave a nasty review).I'd agree with Jonathan that even late complaints need to be taken seriously, and barring some obvious malfeasance, I would just take the word of the resident and fix the issue.

For anyone that has used Lead Sherpa, are there additional costs for things like this?

You can pair an app like DealMachine with driving for dollars and get skiptraced leads.

As someone else mentioned, what I've seen a lot of in the past six months is deals that don't have the rental income to service the debt and borrowers with marginal credit.

Typically lenders for non recourse require the borrower to have a net worth that is equal or greater to the outstanding loan blance, have at least 1 year reserves for debt service and experience and or a track record.