Looking forward to working and meeting everyone both local and non. 

Does he earn a preferred return for putting up all the capital?)

Now, if you do not use a PMS and only have a few properties or only operate on Airbnb that’s a non-issue.

Quote from @Mani Sundaresan: If I’m financing a rehab project with a hard money loan, do I still need to issue 1099-NEC forms to my contractors—given that the funds come from a loan, which isn’t taxable income?

Does your local jurisdiction require you to return those fees if they were not screened? 

@Chris Seveney - I asked Chat GPT about the correlation between Real Estate Syndicator time spent on social media, and the likely correlation to investment returns :).

We’re still waiting for next steps on that one re: borrower repayment or foreclosure. what type of returns do they provide to investors?

Everywhere I turn all I see are pitches for affordable housing and the same (not so) compelling arguments regurgitated by syndicators, capital raisers, brokers etc. for the investment strategy....strong returns...lower volatility....supply (huh?)

Would love to connect and discuss what you're looking to do, my partner and I invest in Phoenix ourselves and can let you know what the returns typically look like.

This normally would not be an issue but the cost of the water/sewer is extremely high in this area and specifically because the meter is a one inch, the costs are much higher than a normal 3/4 inch on a non-duplex.