On the lending side there would be no issue, it's a matter of getting that contract written up and agreed upon by all parties.

A tenancy-in-common (TIC) is when multiple parties collectively own a piece of property and have assigned use of different units within the property.

But assuming I feel extremely confident in the proforma numbers, does the structure seem fair for the risk and requirements from each party?

Funny part is they did this during covid and there's a law stating 4 to 6 years statue of limitations but the judge in Harris County has ruled in favor of Yellowfin.

The zoning of the property is RM-1, so that part is correct.

If the properties are managed by a third party management company, 90% of the income / expenses should be summarized by the PM Company.You should be able to get a year to date statement providing you a summary. 

If your city does not have enough deal flow then I would expand.If you can find good third party management then I would consider diversifying.

The most important plan in this part is the site plan.

I would love to know the solution you choose and how it works out for all parties. 

@Rick BaggenstossIt's not going to go backwards private organizations and the city have invested millions and they have gained back 100 millions back on their investments and the Beltline is not completed yet I do the tour often (Beltline)Those area are little sketchy but because it has not been totally gentrified it's still in its process also in order far Atlanta to keep attracting talent to the city they must become transportation friendly millenials are not getting in car note debt like previous generations they want to work play and party in the city (Kipp) is great as far school goes I want to say it was #1 in the state of GA.