Investment quality is all that matters as you build the foundation for your track record.

Quote from @Pietro Gaglio: Residential assisted living facilities need to keep track of various data such as vitals, bowel movements, and amount of food eaten.

These guys spend all day tracking down motivated sellers, and their whole business depends on moving properties quickly.

Partnering with family and securing owner financing to acquire the property below asking price was a smart move, and the renovations sound like they added significant value.As a direct lender, I’d love to explore how we might assist with your future growth, especially as you look to scale into larger multi-family investments.

It is worth noting that no matter how profits are split, all of these scenarios would likely require the assistance of an SEC attorney to create a PPM.The example you used was a pre-determined profit. 

The majority of people I see on BP asking about syndication lack any track record of success, do not have sufficient knowledge of the property type specifically or real estate principles, financing and law in general, and have little or no capital.  

If your applicant has delinquencies of any substantial amount with these types of companies, they are likely going to run into trouble paying their rent once their creditor tracks down where they are working and garnishes their pay.  

I must say you’re definitely on the right track!

Buying a primary first will likely give you the best opportunity to qualify for free/cheap money like Down Payment Assistance, grants, and mortgage tax credits.

I have read a lot of posts on Residential Assisted Living, that I am considering getting involved in, and seems like many of the posts make reference to RAL Academy and noted that there is an online version and in person version . . . wondering if any of you have taken either and if you would recommend one over the other and why.