You are of course free to make your own decisions about your life and the impact you wish to leave in the world.This is not a sophisticated investor targeting vulnerable old people and then taking advantage of their weakness. 

One thing I found to be important when vetting PM's is to ensure they use a sophisticated PM software and they give you access to it.

I just don’t think that would have much success when you are going after more sophisticated sellers of large apartment complexes.

thank you all for your expert and sophisticated responses.

Best way to underwrite these deals is to understand all the costs and potential (including what it takes to get there) along with time.Taking all of that and plugging it into a sophisticated proforma to evaluate the deal along with the risk (sensitivity analysis) to understand what the true value of the asset is.

Here, your lender would be entitled to his interest (and points if he’s sophisticated enough to require them) and you would keep the remaining profits.Only about 1347 variations on this, but those are the basics of an equity interest and a debt interest in a flip.

It is so sophisticated now that I am not sure there is any one strategy that can help.Here are some resourced to get you started on the basics - https://developers.google.com/...https://granwehr.com/blog/goog...There are so many online resources, it would be like trying to print the internet here. 

When they do Larger and more sophisticated deals, they rely on the third party syndicator for deal origination, analysis, and management.  

Have you made a list of prospects and do you know their accreditation and sophistication status?

In the hotel business, the primary metrics are:1) Occupancy2) Average Daily Rate (ADR)3) Occ x ADR = Revenue per Available Night (RevPAR)On top of the %, you must foot payroll which includes the cleaning staff or you can outsource to a third party on a contract basis.