I assume there’s additional language in the PPM, or at least I’d hope, but the language can get very confusing by that point and many LPs don’t understand what they’re reading.

While this guidance provides general steps, it’s not legal advice; an attorney will ensure the process aligns with your specific circumstances.This post does not create a CPA-Client relationship.

Unless you find a buyer with a very specific criteria who is willing to pay above the typical 70% - repairs.

Feel free to reach out if you have any specific questions, as an investor or a lender happy to share any advice I can!

It seemed like most the folks you have on staff are CPA or other, but no specific legal experts.

If you wish to network or ask specific questions about your local market, you can go to your local real estate forum and discuss with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking 5.

Specifically I could add a French door to a room to make it a bedroom.

I try to speak his language.

Quote from @Kristi Kandel: Quote from @Jay Hinrichs: Quote from @Kristi Kandel: Quote from @Manuel Angeles: When developing affordable housing in California (more specifically Los Angeles), how complicated is it to raise capital using subsidies?

Happy to keep the conversation going if anyone wants to dive deeper into trends or specifics!