I also monitor new legislation.

@Jamaal SmithIn Florida, the property appraiser provides a detailed mailing showing all taxes for last year, as well as the proposed taxes for the current year with any increases, as well as a column if the increases aren't approved (or something like that.)I think I missed the fact that you say this was a $600 increase per MONTH!  

@Nathan Gesner I am not asking you or anyone else to give me any legal advice, I am looking for someone who had participated in a syndication and is willing to shadow me to confirm my understanding of the proposed deal.

But, if the units and amenities are basically the same, then when the rent agreement comes due, propose the same rent structure.As landlords, we need to continue to keep rents in alignment with the market.

There is a 15% down investment conventional loan that you can use proposed rental income to qualify.A DSCR loan does not look at your income, but rather the rental income potential but most will require at least 20% down payment.

STRs in their current form are simply big hotels, and legislation has been slow to catch up because in their original form they were more conducive to residence (someone crashing on your couch for $39/night).  

In theory, this is what I'm proposing -- I'll fund 20% and cover closing and rehab costs.

Proposed by Related Midwest, the development aims to transform the long-vacant South Works site, once owned by U.S.

If not, the way you build trust is to take a step back and gain some experience investing first in some way shape or form.Then you want to assemble a team who have the experience in all the aspects needed to make the proposed project successful.

If you have an attorney, I highly recommend having them review any proposed changes and communicate directly back to the corporate attorney if they have any concerns.