We hope to see you in Vegas :) 

On the other hand, I feel one of the main advantages of passive investments (via syndication/crowdfunding) is that I can hire a manager who has years more experience than I can ever hope to obtain myself.

Both of the members of the LLC we are hoping to do the cash out refinance for are also LLCs if that matters, so it would be distributed from one LLC to another LLC to hopefully the members pockets.Want to make sure that the money remains tax free the whole way and we don't have any surprises. 

I hope this was helpful in some way.

Welcome, hope all is well

So I would have 23k stuck in the deal and would be losing close to $700/m before I deduct any expenses.

:@Jay Hinrichs, if you're down in Bandon again I truly hope to meet you. 

Hope to put it on the market in April Lessons learned?

At R&H Capital, we’re always looking to connect with other investors, share insights, and collaborate on new opportunities.I’m excited to be here in the BiggerPockets community, where I hope to learn from fellow investors, share my experiences, and build meaningful relationships to grow our real estate ventures.

You can lose your butt out here if you don't buy right.