If for some reason you wanted to give the "investor dollars" preference I would say that the waterfall should match the GP distributions immediately after the LP distributions provided there is capital left.Originally posted by Adam Scherr:2) Is it common, especially on smaller deals and smaller groups, to pay back all investor principal at reversion vs paying back as the 1st level of the waterfall?

However, the heated and gross square footage and number of rooms on the appraiser's website matches the information in the MLS ad, so I assume the county at least knows about this conversion, although I can find no proof that it was ever permitted.Has anyone here ever had any electrical or safety issues with tenants after buying one of these conversions?

Trust me - if you call and broker and tell them EXACTLY what you are looking for, they will DEFINITELY call you if they have a property matching your buying criteria.... its what we do... phone calls and research all day everyday to potential buyers and sellers.

Capital expenditures are evenly split (this seems like it could be problematic to make these determinations).3) Obtain a straight 5-10 year loan from a private investor, and you keep all the profit and risks above the borrowing costs.4) Obtain a 5-10 year loan from a private investor at a lower rate, and you and the investor split the equity (net sales proceeds minus note balance) when the property is sold in the 5-7 year time frame.5) A lot of the big turnkey companies are combining (1) and (3) by selling the rental to an investor and matching the investor with a private lender that they’ve cultivated.Obviously, option 3 is the only that that is just like dealing with a bank.

Im having a hard time finding something that matches all the investment rules and still returns 15% of my money.

I'd be stunned if you could find a private lender who could match the terms currently available from banks.

If it's your deal, try to get it low enough to meet your buyers criteria and make your spread while leaving meat on the bone (hint: what buyers say doesn't necessarily match their actions).

Sure I travel around some random spot looking at homes I guess could match their criteria.

I actually had a small addition that had vinyl siding and used the same SW Duration right over that to match the rest of the house.

I feel that with the cash flow provided, it will take at least 16 years for the annual cash flow of the rental to match the $80k profit if the home was sold.