Management is free to make whatever decisions they think are in their best interest… hopefully that consideration extends down to the LPs, and usually they do.  

I was just visiting extended family in Brooklyn last week and recommended that they get a few family members to invest the down payment with them on a 2BR condo.

@Ronald RohdeYep, I would be adding the same thickness of slab and only extending the portion of the warehouse only, not any office etc. 

As we continue to grow doors, we're exploring the idea of purchasing renters insurance for our tenants and extending the cost to the tenant for a monthly fee.

We went way over our expected budget - by far our worse budget miss ever (remarkably we were only 0.5 week over our 2 month timeline).Using my rule, take the estimates and double them then add for lost occupancy and that is what I would be seeking or the owner have the work done using licensed contractors and do the work, take the risks, and suffer the vacancy costs.If you purchase having to do the work and your appraisal can handle it, the credit at closing is superior to price discount.  

Might be time to look at other options ..We have good communication and they are very knowledgeable but might be over extended working on other properties . 

Madison (senior living) and Nelson (student housing) have suffered from a combination of poor planning and poor execution, as our income from those investments has either stopped or diminished.

The problem with midterm and longterm is that you are obligated to extend the lease up to 3 years if the tenants wants to because midterm leases are under the same rules as long term.

I expanded fast and my reserves for sure suffered temporarily ( was taking some reserves for future downpayments) , but am aggressively building those back up, while growing my personal savings bucket, and do very strigegent tenant background checks and references.   

This means low monthly payments for high cash flow, which translates to low interest rates and extended loan amortization.