We used one of our existing local lenders to provide the majority of the purchase, and the rest was provided from our investors.

The right property manager will take up majority of the workload for managing tenants / maintenance and everything else. 

Sometimes these are minor glitches, other times a major “realignment” is necessary.  

Quote from @Caleb Brown: Seller is still paying both sides in the majority of ones.

if it is serious I have a couple of questions for you 1) what is the last syndication that you have seen that did not project a majority of the return from value increase?  

The property has an amazing creek canyon (attached photo) is 5 miles from all the major attractions to Yosemite, and 7 miles from a lake.

These properties are in major tourist of growth areas.  

2 unit house 30 year FHA 6.6% major renovations (roof,bathrooms,kitchen,etc) home has appreciated 397k when appraised to 550k zestimate (similar comps in the area are 500k).

What we run into is even if there are no major repairs for the year; you have a 15% management fee; $500+ in setup an inspection fees annually, and $2500 in make readys with basic repairs you are looking at nearly $4k in annual, basic costs for a unit which brings $6k in gross rent annually. 

Hi Brian, the majority of hard money lenders want you to add the rehab money to the loan.