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. 

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

I’m just not sure why you would give your perspective or advice about partnerships to people who do work with partnersThe majority of deals that I do and have done have been with partners.

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

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?  

These properties are in major tourist of growth areas.  

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

Again, fair play for a major business like this, but it's the old guard who have held up the forums for years, even with their technological ineptitude.

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.

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).