But it’s going to be a while for mortgage rates to come down (as I’ve written about), so for now let’s put that on the back burner and talk about something poignant.

Mistake #2, assuming the security was installed.)The house was broken into and a fire was started on the third floor, assuming by a homeless person, a can of soup and a camping burner was left behind.  

So maybe that's stacking savings, maybe paying down debt, improving FICO, or maybe it's raising capital, whatever, the details don't matter because there is 101 flavors out there, all that matters is what is your 1-Thing NOW, do that, THAT alone, with fanatical focus like a fat-boy on cake!

Pigs get fat and happy, hogs get slaughtered. 

An institutional investor with a history of working with syndications in these kinds of deals is going to have a much better handle on fair and realistic fees the syndicator should be collecting for those services versus a bunch of lps that may be working on the first syndication deal and frankly glosses right over those issues when they see 15% annual returns and a nice fat cash bonus on the planned exit.

There is an old saying ( Pigs get fat.

My gut is already too fat, so I hate to heap more responsibility on it. 

I put that project on the back burner since higher development costs and thin margins were already causing us concern. 

Had 1) an assignment or 2) an entity acquisition been possible rather than a (fat) double-close, this would now be the end buyer's problem. 

If your properties under management are generating steady income for you close to or even exceeding your initial expectation, yet you scan the work orders and find more fat that can be trimmed which would yield even more profit.