Great stuff @Michael Johnson! 

It worked out great and I didn't have a single month of vacancy.

Quote from @Chris Brewer: View report*This link comes directly from our calculators, based on information input by the member who posted.Hey @Chris Brewer, welcome to the BP Forum!

I have a great job that I love and currently do not need to spend the cash flow from the properties. 

You may not be able to make a great profit in today's climate, but that is changing and changing fast.

I got the preferential terms because I cut the customary LP check in half through the imputed equity and my own capital contribution and greatly reduced the LP investors risk.

That's great advice!

I’m here to learn, grow, and connect with like-minded individuals who can help guide me along the way.I’ve been fortunate to build great networks so far, but I know there’s so much more to discover in the beautiful world of real estate.

Purchasing a “distressed” property and “repositioning” it requires significant capital for improvements, build outs, holding costs, maintenance.In looking for that “needle in a haystack” slam dunk great deal you’re competing with very knowledgable, greatly experienced investors with the cash to make no contingency offers and close in a few days.  

Since my RE financing investor does the incentive of paying for the property, I want to make sure that my business partner is getting a great ROI in profits, so I want to make sure that money is working for the first investor making a deal with me in the smoothest way possible!