Sales proceeds pay back capital contributions, any accrued but yet unpaid preferred return, then the same 50/50 split.Another developer I know did a similar formula (8% preferred return) but tied the split of excess proceeds to the IRR of the project, with the developer receiving a higher portion of proceeds for higher IRR.

A poster asked about this company a few weeks back and just out of curiosity, I checked it out for them.  

@Theresa Harris Thank you, just out of curiosity, what is your agreed maintenance limit amount with your PM ?

Out of curiosity can you expand on the challenges of NPNs?  

Just out of curiosity, why isn't Propstream working for you?

@Mike S.Just out of curiosity, what ballpark cost am I looking with Anderson?

Most of those individuals will just call out of curiosity and not truly be interested in selling their houses.Please let me know if you have any follow-up questions.

Just out of curiosity...what is the risk you are guarding against in the event that he's lying to you and the coworker does move in?

I invested in Fundrise myself a few years ago just out of curiosity, and I didn't really like it.

Wire transfer, that way you know exactly when they receive the actual money, and there's no chance of additional days of accruing interest added on, preventing a complete pay off/satisfaction.