@Scott Slocum hey Scott, what areas of TN and Alabama are you trying to invest in? I

But let’s say your loan in is 40K, they give you 45, you take 40 and send them 5K as a fee.

As a syndicator - if I found out one of my investors represented themselves as accredited then did a backdoor conversion to bring a nonaccredited person in, I would be sorely tempted to find a way to revoke their shares and give them their original funds back. 

Curious as well as Im also looking for a general contractor for a light remodel in IE. 

I like 8% because it's 1/12 or equivalent to 1 month vacancy and in the 4 years of being a landlord I have yet to experience a vacancy longer than that in the areas of central PA that I invest in. I

What market are you buying in? I

You could still live in student housing if you wanted but get some cashflow coming in. I

The location i’m interested in is Oklahoma City or nearby (if that helps)

After we move in I was wonder what are the most important things to update to get the best return? 

I'm sure Dan would agree - way more important than which market you invest in is understanding which metrics to use, what they mean, and accurately modeling them.