I've been reading numerous books on the topic as well so that I'm not a total newbie, although I'm as close to it as they come. 

There are numerous examples of types of letters to send on some of the BP’s podcasts, Or just look up yellow letters.

Please send me a note if interested and I'll send out an invitation for next week. 

It just invites people to float you bad deals and their markets, especially on here.First, you want to choose a market for a 5+.

@Sean McDonnell thanks for the response and invite!

It was detailed numerous times in the deal, as the deal would not have been attractive without renovation and getting market rents for the units.

The 2% inflation indicator is measured via the Consumer Price Index (CPI) which is controversial (https://www.investopedia.com/articles/07/consumerpriceindex.aspthere are many articles on this, but here’s a start) because this tool is believed to do a poor job capturing true inflation numbers and has been “adjusted” by the government numerous times over the past decades because they felt it overestimated inflation despite many other inflationary measurement tools indicating just the opposite, that is grossly underestimates inflation.

Everyone involved is entitled to numerous tax benefits, and generally investors are able to invest in properties that are much larger than they could afford or manage themselves.The participating investors are called passive investors because they don’t take any active role in the deal.

@Jon Catterson Thank you for the invitation!

ConclusionDespite the long process, various setbacks, and numerous unknowns, I really enjoyed conducting this deal.