About living smart and never having to work again, I have already begun to think where to allocate my money when I get it.

Rents are allocated according to whatever is in the purchase agreement.

Instead, you have to look back all the way to day one of the investment and do a fresh analysis of the total cash flow that came in (including from the sale) and add up all of the distributions that have been made to the investors and sponsor.Next, you will allocate 100% of the cash until the investors have received their investment back, then 100% of the cash until they have been fully paid on the pref, and from the sum of those two numbers you will subtract their total distributions that were made to date.  

Don't forget to allocate money for property management (even if you are self managing for now), maintenance, vacancy, cap ex, etc.  

Like you mentioned, the portal's lack of communication on the deal probably has to do with growing pains & allocating time to highest priority items, which for them may be getting more deals funded... as an investor that has done many fix & flips with short-term borrowing, an extension on the repayment is unfortunately necessary, however, the key to keeping all parties happy is the communication. 

I am a Director at a Fortune 500 company, which mainly means I don't have a lot of free time and would need to hire a property management company.The small 1-bedrooms is a big concern and I appreciate your thoughts on this... as is the class of tenant, which I presume to be a potential challenge as well.How much would you allocate per door in renovations, generally speaking?

After working with our attorney, we'll require a written payoff agreement from the seller's bank in order to proceed, and a good portion of the remainder of the price will be allocated as rent credit, since the seller still has one business operating on the premises, which will stick around for a little while.

It is the allocation of funds to or from your proper account that keeps track of amounts for each department. 

If you are able to set up a "Rent Escrow" account with the courts in your area, I'd also let them know that will be your next step if you do not hear from them within the allocated timeframe.I guarantee, if the rent check stops coming in, someone will be in touch with you.Of course, the downside is, they can fix the problems...decide you are too much of a PITA (not saying you are)...and give you a 30-day notice, since you are month to month.

Hello everyone,When you apply for a 203k loan, do you have to take a portion and allocate it to rehab costs?