The main issue I have is contemplating the baloon payment at the end of the 2nd year and refinancing the remainder with a bank...how can I compute that into calculating the IRR?

I just got a notice from the MD department of assessments & taxation that the value of my property will increase from 120k to 261k , spread out over 3 years equally.This is a ridiculous increase of 118%.

As far as financing, if you have real CF then it shouldn't be an issue.

Scott's issues, via the American Arbitration Association.

I assume he does, and with this partnership tax return he issues Forms K1 to you and your partners.

As much as I can I try to keep my clients out of serious foundation repair as it is typically not a one time repair, but an ongoing issue over time. 

Tenant issues are more likely to arise and then you have the owner....many aren't qualified expertise wise or financially to weather the storm.

What can go wrong, how to prevent those things from going wrong in a JV and tips for ways to solve those problems when they do go wrong.As a JV money partner, those are the most important issues.

I know this is also a National issue, especially in land constricted markets.

Traveling to other states isn’t an issue for me.