Over 90% of large multifamily purchases are made through syndication.The parties at the forefront of a syndication deal include the sponsor (also referred to as the general partner, operator, or syndicator), the limited partners (or passive investors) and the property management team.

But everything must be arms length, IRA owned can't do any work and must use unrelated third party for any improvements/repairs.  

A land contract was written by an attorney and signed by both parties. 

The part I am still working through is that they clogged the line (the line itself is fine) and the water had to then back up somewhere.

It all worked out for both parties.

You just want to make sure you aren’t providing the opposing party with a slam dunk.

However, far to many new to investing get caught up in the need to form a team instead of finding a deal and get the ball rolling Having never been involved in any lawsuits in 30+ years is a function of doing things the right way for the most part. I

You are asking us if this quote you have would include trims, but you should be asking the party that provided you the bid as only they can tell you if it is or is not included.As with any contract for goods or services, you should have it in writing and it should be detailed enough to cover what is included and what is not.My contracts include "Exclusions" which list items that are not covered in the bid and one if my exclusions is always "Anything not specifically listed above".

The GREAT deals are those in which every party ends up in a better situation after closing.

The GREAT deals are those in which every party ends up in a better situation after closing.