Here are some very UNSCIENTIFIC conclusions I’ve drawn from empirical evidence1. 75% or more of syndications need rising property prices to obtain even a decent risk adjusted rate of return.  

Some months I’ve unfortunately had to pay like $150 out of pocket but I’m Planning on holding long term wise and the let the rental bare fruit later in my life because I’m only 22 and just wanted a base hit or a rental in a great neighborhood.

That’s the impression I got based on our conversation.

Although we do have deals on the lending side that dont work but we are not forced into a position to take big loss's like we were when the banks were calling our loans.. this will happen in the DSCR world as all these folks are using same type of debt IE debt that can be called based on the terms of the debt or like you have seen with the syndicators that are talked about on BP max leverage bad debt things dont go right And you have cap calls or projects totally lost. 

Also, I assume a 10% property management fee in my calculations and based on initial conversations.

From wholesaler, and negotiated well based on minor conditions.

I would base the decision off of how good the deal is from both an equity and cash-flow standpoint. 

Review the quality of the tenant base (do they have a history of paying on time, what were the original screening criteria, do they have applications on file).

Hi Jeff,Regarding the cash out refinance after an Exchange, you are going to get different opinions based on who you ask.

Hello everyone,I am based out of Vancouver BC Canada.