Hi Ian,I recently went through this exercise with another fellow syndicator on BP Joseph Gozlan.  

But since I'm having to put a new roof on it right now I asked them if they'd exercise their next extension option right now, and they replied that they only would if I agree to keep the rent the same ($4500) instead of have it increase to $4880 like it's supposed to.

It is essentially a titling exercise in which you distribute a percentage of ownership each year or whenever you choose.  

Going to a lender and understanding what your borrowing ability is still a valid exercise.  

Rinse and repeatAfter 4-6 weeks of doing this exercise you will have built relationships in the community, understand the highs & lows of the job, what it takes to be success and how to get started (ask how they started).

Here your 1st TWO DEALS could be given to YOU as a Training Exercise but You still make the COMMISSION!

It may be worth the exercise to at least get a quote so when you do have a buyer at the ready.

It's another exercise in understanding opportunity cost.Some drivers in large cities view parking tickets as the cost of living in the city. 

I just went through this exercise for a mid-level flip in Northern CA.

Since I've been in the Conforming loan world my whole life, financing 15 units is a new brain exercise for me.