Bigger investors in Memphis have people on their payroll to watch the MLS, so if its on the MLS after 45 days a red flag should popping up in your head.

@Chris MartinThe point is from my perspective I'd rather have 2 or 3 investors for $800,000 than rather than 800 investors.For one the 800 investors are by definition less sophisticated and less experienced.

Your private lender, as you named him/ her, sounds more like a very sophisticated investor, as such, you agreed to some very steep terms.

Between you and your wife, the payroll and profit sharing contributions could total up to around $50k for each of you.

You should get a breakout of material costs and labor in their bid.This incentivizes them to work more efficiently or at least does not incentivize them to work at a snails pace.I wouldn't pay somebody hourly unless they are on my payroll or doing a short-term task like cleaning that you can accurately pinpoint the hours worked.

@Bryan Hancock You are an extremely sophisticated investor, and very educated on all the regulations, etc.

i think this will work out well this way since i don't have payroll or a ton of expenses that arent passed on to any of my properties.

Salesmanship needs to be more sophisticated than selling balloons at the fair or shoes getting customers involved in games.

Combine that with the fact that many of these apartment buyers were rookies and not sophisticated, they had no clue how to manage from afar and these units became problematic with high vacancies and lots of deferred maintenance.

You have a certain amount of payroll that can affect profitability if you don't hold to a certain REVPAR number.Or are you asking about design?