I am looking to connect with the investors there as the promotors are continuing to take Asset Management fees to the tune of $450K a year (on top of PM fees) even when their payout to the investors is around $20K a quarter (not meeting preferred) and the overall fund is negative about $450K.

It feels like the focus has shifted from creating value to chasing quick payouts, with little regard for the end buyer.

The reverse mortgage company wants buyout and I dont have over 200k to pay out.

We put our first home on the market for rent $1450.00 and right away, not even a week my realtor found some potential tenants.

Here is an example with some figures:My LLC total investment = $204,000Partner LLC total investment = $196,000Value of project when complete = $500,000Each LLC value afterwards = $255,000 / $249,000The plan was for me personally to go get the refinance loan because the terms are so much stronger than if I went portfolio with the LLC.Loan total = $300,000 (keeping at 60% or under of value for best terms from the bank)Partner LLC payout = $249,000My LLC payout = $51,000In this scenario, I am struggling to see how to get the remaining equity in the project into my personal name? 

If I have a potential tenant that I like then I work with them. 

Hello folks,When running BGC and other reports on potential tenants and having applicants pay for them, do you run them for all?

Quote from @Anthony Sigala: I am seeking a loan on a LTR that has a rent to value of 1.3% with the potential of 2%. 30 year amortization or interest only.

The investors get much more profit out of the property.Recommend having a very open conversation with your FIL, expressing your interest in potentially taking over the property from him.

The booking payout was for $1495.00.