Has he gotten a promotion?   

Great article from Crain's promoting all of the great things happening in the city and how Amazon would add to it. http://www.chicagobusiness.com/article/20180706/ISSUE07/180709949/chicago-wants-your-hq2-amazon-our-open-letter#utm_medium=email&utm_source=ccb-editorialpromo&utm_campaign=ccb-editorialpromo-20180709

However, for $12,000 and 50/50 I would expect a well developed curriculum, materials and very professional hands on coaching.

But, if they chose not to disclosure any material facts that can impact the price, you assume that the property is free and clear of any issues.

“Unless we are drinking a lot of Kool-Aid, then it’s a 25.”However, most syndications i have looked at seem to promote their skill in re-positioning to raise rents and adding value...and I am seeing plenty of sponsors promoting IRRs in the 20 ballpark...Maybe the big syndicators haven't caught on yet?

My cost will be under $70k using better materials.

The worst thing a Seller can do is sign a PA to sell a bldg to a rookie contract flipping buyer whose written approval is needed to sign all new leases, renewals, or other material decisions, etc. 

@Patrick RuffDeterming price per square footage for a rehab can be tough without actually walking through a property and knowing what type of rehabber you will be, for example can I get a floor done with materials anywhere from $4-$5 a sq. ft.?

I'm at the point of just kicking them out of the space, but there is a lot of materials and personal property inside the garage.

My contractor was slow but he was really reasonable on prices and I found some great deals on the material as well.