The one cost will be getting the units furnished, but if you live in the area it isn't hard to source a bunch of decent 2nd hand furniture on Craigslist or FB market

Expenses at the property were were getting out of hand, and needed to be corrected.

They used a HELOC to finance a multi-family purchase, which allowed them to make staggered acquisitions and keep cash on hand for renovations.

I would still consider investing in Sunrise but Sun Communities owns everything in my area so I see first hand how they run it and a few park managers I spoke with spoke highly of Sun Communities and even toldme they had applied.

I’m eager to gain hands-on experience and learn from an experienced professional.

Does the TL get 20% even though:- technically I am not mentioned as being on any team in the brokerage system and the commitment letter has the wrong brokerage logo- I have not signed any other documents/team contracts as the TL never handed me any to sign but was supposed to- my COI/SOI leads have not signed any buyer's/seller's agreements with me but may next yearDo I have to do an exit interview (even though there was no mention of it at any time or in the commitment letter)?

On the other hand, if you go for lower down payments, you can acquire properties faster, starting to benefit from appreciation, depreciation, and tax breaks sooner.

A law degree does not mean you know anything re wraps.If worse comes to worse, you can stop the foreclosure with legal action - it costs some but you will not lose your equity.I would not throw the baby out with the bath water re doing wraps and I do hope all works out for you.Reach out if you need a referral to a good AZ attorney to helpBe careful out there guysAlan Not to be too blunt, but you are handing bullets to a six year old with a gun.

If it keeps getting out of hand then I would then send a notice to quit to the troubling tenant. 

Put your hand in see for yourself....and I've been saying "EasyExcel.