Or, the same-sized house sells for different amounts of money in different parts of town - see if you can figure out why that is.Good luck!

Quote from @Jay Hinrichs:There were no profits from this deal, but the sponsor is offering promissory note with payback from his portion of profits from other deals, in no way related to this one, other than being from the same GP.

2) Is there a portion of that nonrefundable deposit that is considered the cost for the lease option?

However, I have also put in the Fair Market Voucher Rent portion and submitted.

Assuming the property is equally owned 4 ways (25% each) you could have the property appraised for confirmation of value: $1.8M/4 = $450k/share x 3 = $1.35M could be obtained as a cash out refinance, potentially utilizing a healthy portion of the STR or projected STR income to qualify. 

I doubt 25% down is realistic, it depends on the accurate property financials, which you do not have yet, but if you need help sizing up the loan once you have those financials, I'd be happy to help with that.Good luck, maybe talk to you in six months, bookmark this thread.

Also, don't deprioritize building a financial cushion by allocating a portion of your income to an investment fund for down payments and property improvements.

Transaction sizes and/or total equity raise are what led to the separation.  

I was doing reviews for a specific company as use for gaming demos due to it's compact size and LED/Laser light source.

Sure, it may be zoned for an ADU, but does it have the lot size to accommodate an ADU to meet the setback requirements?