I will happily foot the bill for supplies so they aren't out any money out of pocket, but with the prevalence of contractor-stole-my-money stories, it makes it hard to fork over an upfront fee.

If it were to read LP member owns XYZ% and will receive a certain percentage of proceeds based on property performance, that's a different story.

Period.I love my family, BUT the stories of issue with family doing business with family are ubiquitous.I hope all goes smooth for you and everyone is happy, BUT......My 2 cents,Mike

Long story short.. they inflated rent projections, sliced corners on property management, and almost left him holding the bag when the actual numbers came in.Vetting a syndicate means getting cozy with the sponsor’s track record, verifying their underwriting approach, and understanding whether they’ve handled rough waters before.

True story, I know an investor that bought a condo without reading the docs that he had intended to use as a rental and had to hold it for a year before he could do so.I've novated two condos and both times it worked out really well.

(I've heard stories of ceramic tile grout lines that were so soaked in urine that the smell wouldn't come out.)Although ceramic tile looks nice, vinyl should be your go-to in a rental bathroom.

It is better to even be slightly cash flow negative in year one with a quality asset than to buy in the hood and find out that your xls spreadsheet did not tell you the whole story..

The amount of ideologically inspired nonsense online is mind-boggling. 

TO many horror stories these days of funds blowing up.

Most turnkey companies proforma does not tell the complete story and that is why is called "PROFORMA" OR "PROJECTION", they don't account for the true vacancy, leasing fees, holding costs, and Headache factors that come with a Class C and D properties and neighborhoods.Hopefully, they can help you get to 100% occupancy and sell the property so that you can re-invest in a better neighborhood and relatively newer property like 2020 or newer if is possible in that market, or just go to another market you understand better or have some kind of connection with.All the best and keep us posted on your progress.