Take a look at either your Retained Earnings line (if you're reinvesting cash into the asset), your Shareholders Equity (if you have partners and are pushing out K-1's, at the end of the year) or Owners Equity line on your Financials, you will clearly see what I'm talking about, the financials don't lie unless you're cooking the books or doing them wrong.

He has been a great partner to work with and learn from.

You may find someone to partner with. 

Are you finding the market strong enough to introduce more from a newly renovated multifamily?

If anyone in the local Sacramento/Placer county area, or even from outside the area are looking to partner and take the next step together towards financial freedom please reach out to me.

Assuming it is a decent deal, can you offer him different terms and see if you can fund it with a smaller entry cost which might make it easier for you to find the cash (hard money, a partner to fund the cash and share in the ownership).

For example, by investing as a limited partner in a syndication.2.

My goal is to develop this property without resorting to upfront cash investments.I've attempted to collaborate with several general contractors, hoping to find a partner interested in a joint development venture.

Building a strong team will result in a strong project and result.

Hey Russel,Admittedly, I do not know BAM; I am curious about what is driving your interest in/decision to invest whether its a preferred return or more back end equity, or just tax advantages.The market has definitely put some operators' projects in distress, and it is very unfortunate, but the flip side is that other operators are able to use stabilized financing to acquire these distressed assets.Our operator partners are seeing an almost 20% discount as they are acquiring assets today.