Also what percent is the funding fee, 3.5?

I guess the purpose for this is to help fund community improvements and maintenance though it's a bit unusual since HOA fees and property taxes typically cover these.

The idea is that he will 100% fund the acquisition of buy and hold properties (down payment, etc.) and I will 100% find, acquire, and manage the buy and hold properties. 

We fund EMDs and Double closes on wholesale deals for a fee.for example if you are double closing a property worth 250k and selling it to an end buyer for 300k, you need the full 250k upfront and we can fund that amount. how much yall charge and in what states do you use lend to  States aren't a limitation.

Carrying costs in purchase and or rehab is financed, cost of capital on refi, re-recording, title, updated insurance, etc. their are many costs at play after initial funding then to transition long term unless your straight cash on the front end.

We had more partners (beneficiaries) on that one, and it ended up being two individuals, an LLC, and a Self Directed IRA (SDIRA), each with percentages of the whole. 

My local market (Honolulu) is expensive and limited fund, I chose to BRRRR out-of-state. 

This fund supposedly had the highest rate of return overall coming primarily from appreciation.  

We don’t co-mingle funds, using business money for personal expenses…we can do owner draws and owner contributions in and out of the business checking account.  

We are interested in a property next door to our current flip, but our funds are tied up in the current house.