Awesome bird's eye view explanation to the world of Apartment syndication!

I also don't like how there are no projected returns or explanations of the equity.   

Definitely left some meat on the bone but it was outside my geographical area so I was fine with that.

It's more involved than that, of course, but that is a simplified explanation. 

I don’t know that COC means anything and it’s definitely not compatible between different geographical conditions property types, different length loans or different down payments.

Joe, thank you for the great explanation!

While it's a robust software for simple scenarios, it is often very hard to make it report more complex scenarios correctly.Also, your scenario may be more complicated, and my explanation below is generic.

I particularly like the idea of "mock" documents, the simplicity of Investopedia's explanation and checking into my realtor board for resources.

I wonder if it ties into Chris’ points above from what he learned from his attorney.The simplest explanation I can provide is this: Both Dodd Frank Act, and the regulations issued by the CFPB put very specific restrictions on financing of consumer residential properties.  

So unless your properties in Mississippi you would need to check out more than one Producer in your geographical area.