The Big Short does a good job of summarizing it.To your question about how were loans structured: you could do 4.5% @ 80%LTV on a 30-year note and a 2nd position HELOC for 10% of the remaining value at 10% interest with a 10 year draw and 20 year repay.

To summarize: This is bringing in prospective buyers and renters currently and won't stop in the near future, but that could come to a grinding stop at some point in the long term.

There are a lot of rules regarding windows - too many to summarize here.

If you only know one technique, then all you have is a hammer and everything will look like a nail whether it is or not.Besides, I have picked up some nice rentals subject to.Bryan Hancock summarized the pros and cons of subject to nicely in his above post.

For those who didn't feel like reading my really long-winded response above, let me summarize here...

To summarize, it doesn't sound like a must have for you but I certainly would never do a 70/30 split on my own deals.

These documents, and particularly the PPM and the FAQs, directly discuss the function of the fund and the distribution process, as I have summarized in this response.   

But to summarize, as long as you qualify, you can expect to cash out approximately 75% of the appraised value of the property - after renovations are completed and the property is leased.

From what I have heard form an existing owner (5 condos), local PM companies are charging 25%-30% for PM.I'll summarize what I have for expenses in a document and share back here later today.

So to summarize: $219k cost includes rehab; sale price $245k, less fees = ~9% return.* By saying 18% annual return - that's probably how they hope to justify asking to keep your money tied up for the next one, and the next...