When will subsequent payments be made?

Some would argue here in the DC metro area that 30 miles would be an unreasonable commuting distance, but I've yet to find an underwriter that would accept an FHA loan for a primary residence in Reston, VA and subsequently another primary residence a year later in Waldorf, MD (a distance of only 49 miles that could take as long as 4 hours at either rush hour); in short, it doesn't happen. 

I was absolutely terrified of losing investors money in my first syndication, as well as all subsequent deals, and as long as I get the impression a sponsor feels the same, I'm great with investing in their deal as long as everything else meets my criteria.  

The other realistic option to consider is the fact that other than being grossly negligent as a property owner and landlord, is it really necessary to have this and any subsequent properties in an LLC?

I did not speculate how most of those 90% earned their wealth other than that I though a lot were entrepreneurs (and disclosed this was speculation and that I had not seen any statistics on this).Have you seen statistics showing that a significant percentage of the billionaires earned their wealth via publicly purchased shares (versus shares resulting from being part of the enterprise)? 

This situation could be a bit of a game changer for folks wanting to exit 1031 land with more tax free dollars.If an entity owns property and 1031s and subsequently dissolves and distributes the property to the members do those members inherit the requirements of a conversion under 1031. 

Also, in subsequent mortgages, it looks better, if you have lower payments, because a bank will only count 75% of your incoming rent, so it it looks as if you have negative cashflow, you might not get a loan. 

These two will both be partially managed by, and subsequently left to, one of my sons someday. 

I’d reinforce what an eviction on his record will do to his ability to get subsequent rentals with all the background checks going on today.  

This means that the cost of this loan is reduced per use with every subsequent use of the same money.