I function as a GP and we syndicate Multifamily Apartment Communities across the US in areas that are in the path of progress.

@Brad E.Try using the XIRR function in excel instead of IRR

It's more a function of interest cost that you'll want to look at, and how much interest is saved in that timeline.

The cities are right next door and function essentially as one community in most respects. 

I can't really speak into the actual legalities and logistics of it all just b/c I am not well versed in it...however, I did learn a lot about how it functions just by reading up on the lawsuit files that are posted publicly online.  

He said that his renters are paying down over 400k/yr in principle on his rentals, that he rotates HELOC and refinancing on his properties to cash out that 400k a year.

I will continue to run rentals, buy, and maybe after 8 years or so rotate another into the same setup, guaranteeing some stable income.

I cant imagine they dont have clients that use a rotating line, whether personal or secured by real estate, for a reserve.

To echo what's already been said by some, your cash flow potential will be a function of your debt service, if any.

(That would be similar to expecting the car dealership to refund all the money you'd paid for oil changes and tire rotations because you defaulted on the car loan)Again- you had a very negative experience with us, and we apologize.