I prefer Rentredi for rent collection, lease signing, maintenance requests, etc.

We have a 650 minimum , but prefer 700 

He can't loan you any part of the 3.5% down and you can get seller contributions to cover closing costs, etc.Just food for thought...

I prefer graduate students whenever possible because they don't have time for partying, are of legal age anyway, and generally tend to be by themselves or with a partner so it's more like renting to a couple.

I then modify those numbers based on the buyer's preferred down payment/return hurdles.

I am not sure where exactly this property is, but this is an example of why I prefer B class neighborhoods or better when looking for rental properties. 

Talk to a CPA who specializes in real estate; they can guide you on the best structure.Decide on Your Payout MethodPersonally, I prefer a mix of methods.

Since the distributions are from a preferred return they are not guaranteed payments. 

There were people out and about smiling and offering free food to other residents.Through the ups and downs, we continue to believe in the project and the area.

Personally I prefer single closing.