Market Analysis: Palm Desert seems seasonal, so the cash flow challenge might not improve significantly without some adjustments.

I'd guess half of this final third eventually sold, even if several years later. 

Finally, the new house was complete, and we could move in.

As important as due diligence, analysis, knowledge of the property type, track record of the syndicator, correctly predicting economic trends, and timing is, the number 1 way to avoid a devastating loss is NEVER INVEST MORE THAN 10% OF YOUR INVESTABLE ASSETS IN ANY ONE DEAL.  

Later I might read The Book on Rental Property Investing by Brandon Turner, but I need to be wary of succumbing to analysis paralysis.Any advice/comments regarding my focus on condos would be greatly appreciated.Thanks much,Daniel

One can create his or her own Venture Plan / PPM then take it to a good Securities Attorney to have final touches performed by a licensed professional.

I finally fired them and my property is SOOOO much better.

[Milestone 2 and payment amount].Retainage: [Insert percentage, if applicable].Final payment will be made upon satisfactory completion of the work, as verified by the Contractor.4.

Finally, I was told, in their company's words that they are the "Rolls Royce [of taxes]" for real estate investors.

I have had several cases where I finally got cops or government officials to only do their job after being very loud to the newspapers, but it does work.