Its not fractionalized, both investors are not getting a split of the monthly payment, instead you would get X number of payments in exchange for your $5000, say at an 8% yield, and the primary note holder would resume collecting payments after you are paid in full. 

Nashville and surrounding areas continue to be robust in all industries.  

This may be a bit "robust" though for just one unit. 

When the seller defaults on the loan, resume the tax suit in your own name. 

If you want to exit.. then you need to buy in markets that have robust retail sales.and of course you can hit city pockets were there are turn arounds.. but those will generally be higher priced and not cash flow like the other rental stock

Does anyone know of any robust templates for creating pro forma financial statements for real estate businesses?

By the way, No need to follow up with your resume, it has nothing to do with the question.

Now, with a property under my belt and something to write on my resume, Im concentrating on value-add projects.

Ready to send my resume and be interviewed any time.Thank you for your time.My area of interest includes but not limited to:Chicago, Illinois (Logan Square Albany Park Avondale Irving Park Jefferson Park Rogers Park) Evanston Highland Park Northbrook Skokie Glenview Niles Park Ridge Harwood Heights Norridge Dunning Des Plaines Mt Prospect Prospect Heights Wheeling Buffalo Grove Arlington Heights Palatine Schaumburg Elk Grove Village Rosemont Itasca Addison Villa Park Elmhurst Bensenville Wooddale Lombard Carol Stream Wheaton Oak Brook Downers Grove Naperville Woodridge

Primary market = SeattleSecondary market (where I like to invest) - have good population size and robust economies