Plus you’ll have a higher basis to depreciate. 

It's been a few months, but just wondering if anyone has gone ahead and completed a mortgage with GMG?

It was my grandparents' home and when they passed they left it to their 3 children, two of whom (my father included) decided to divest and leave the house with their eldest.

The ceo told me it is now a growth fund; although 3 yrs ago the salespeople (Scott Meyers) told me that it takes a few months for the distributions to start; there are 2 types of syndications. 1.

In a few months, I want to get into buying NPN/NPLs, such as those in bankruptcy.  

I’ve definitely been stuck in analysis paralysis, now I feel I really need to make up my mind and target purchasing my first OOS property in the next few months.

And yes, it would need to season, usually 6 months to a year after you close.

I’m considering offering the seller 85K, the realtor 12k and then put in around 35K to get both up and down units rent ready(might be able to do it cheaper, especially since it’s likely a rental).

An approach that we use is to provide value to the homeowner - especially to distressed homeowners.   

Welcome to the community, Nate!