Passive investing using the turnkey approach definitely sounds enticing when you're getting started.

His sister will PM those for him.After our conversation my interest sparkled from an out-of-state but looking at available properties things don't look so enticing or welcoming...

While visiting, I found that my CA income, the lower cost of properties and good rental income near the university and med school enticed me dive into the real estate market.

I love Cleveland, but its sluggish population and job growth makes it cheap (which is enticing), but sluggish long-term.

I will be trying something like you suggested with  the iPad or similar enticement on my next mailing.

Prices being lower for comparable property classes, as you mentioned, is also enticing.  

The inexperienced syndicators tend to offer higher pref's and less back end promote to entice investors capital their way over the proven operators.If a passive investor goes that way they need to make sure it is a small percentage of their portfolio holdings because of high risk factors. 

Not to say it is a deal killer, in my opinion, but it better be worth 22% of the deal and I am not sure how that could be possible unless they have a pool, gym, and other entities involved that will entice prospective tenants to rent your property.My opinion regarding the type of loan is this.  

Louis, in which made it very enticing.

For even more accuracy, we choose to only use comps that are 1/3 mile away or less, with sales dates within the last six months.Sometimes, even the street can make a difference in the value of a property.If the only comps you have are on very nice streets, but the house you're considering is on a very "distressed" street, then you have to reduce the ARV.How much is an appropriate reduction is a judgment call on your part.You'll want to base that call on how much of a discount will be necessary to entice the final owner/occupant to buy this property over one they can get on the "better" street.If the comparable sale that you are using is too different from the subject property, then it is of little value.If you use it in your sales marketing, you’ll lose credibility with your Investor Buyers.An example of a poor comparable is when your subject property is an old cottage fixer-upper, and you compare it to the sale of a brand new in-fill (an in-fill is a new house built on a vacant lot in an otherwise established neighborhood).Rehab dollars vary according to level and detail of the job â everyone has a different formula.As a wholesaler, we suggest a middle-of-the-road approach for estimating enough rehab dollars to get the subject property to look like the comps.You'll need to spend more on rehab as the ARVincreases.Logically,buyers like more âpretty-ness', higher-end fixtures, cabinets, etc. when they're paying $200,000 vs. when they're only paying $100,000 for a house.Buy/Sell/Hold costs are all of the costs associated with:üThe purchase (loan origination fees, title insurance, attorney fees, survey, appraisals, etc);üThe sale (real estate agent commissions, marketing and advertising, closing costs paid by the Seller); andüHolding the property (mortgage interest, utilities, taxes, insurance, etc.).These costs vary greatly for each buyer, but our experience shows that a Buy/Sell/Hold cost of 15% of ARV (0.15 times the ARV) is a safe number to use.If you wholesale the property, you may never purchase the property.In this event, all of these costs are passed on to your Investor Buyer.Therefore, you can subtract your additional B/S/H costs from the MAO formula.