You are free to do whatever you want after. 

Here's a breakdown of the situation:Current Occupancy: 80% (16/20 units occupied).Current Gross Rent Roll: $14,265/month.Market Rent Potential: $17,665/month (100% occupancy).Renovation Needs: 15 units require full renovation ($10K/unit), 4 units are 75% renovated ($2.5K/unit), totaling $160K in renovation costs.Vacancy Loss: $41,820/year in lost income due to current vacancies.Cap Rate AnalysisThe seller lists the cap rate as 9.59%, but this is based on the projected NOI of $119,858 (assuming full occupancy and market rents).

Quote from @Anthony French: I’m relatively new to real estate development, having completed only one fix-and-flip project.

You should cover the mortgage and all other expenses, actual or projected.

We can also lend to both individuals and LLCs.I'd be happy to share my experience as both an investor and as a lender.

It's the first time I've said to myself, ' I need my boys to listen to this'. 

How did you add value to the deal?

Very solid market, been investing there over 10 yrs and the rents continue to climb! 

Quote from @Jyotin Gautam: Yes, a referral agreement can stipulate that the referral fee be paid at closing to ensure transparency and expediency.

Best of luck to you!!