Or find a market that aligns with your current cash position.Remember, If you find a good deal that perfoms well, your DTI should actually improve.

That might give more assurance to a bank and align the GC with your success.

This seems odd to me, so thought I would query this forum to see if his explanation aligns with 1031 legal requirements.Appreciate any feedback.Many thanks.

I would suggest looking at mentoring choices that align with what you are planning to do.

This also motivates him to align to our goals of completing a quality project, on time and within budget. 

The best way to find a property manager is to find one who's Financial interests align with yours.

Their motives will most likely be aligned with meeting fiduciary duties, satisfying creditors, if any, and accommodating the best interests of beneficiaries.The dialog ought to be more exploratory with the objective to reveal the major underlying issues for the seller.

That involves an aligned mission, vision and purpose.  

I am looking for some information on a necessary contract agreement in order to align the expectations of both parties, and to ensure the payout is distributed evenly.

Oops that did not come out aligned correctly... let me repost...Hi All,for Income the summary shows what you must factor:Rental Income Vacancy Concessions Lost Rent Meanwhile, here is a list of Other Income you may have:Other Income Vending Income Damage Income Utility Income Late Fees Corporate Furniture Rental NSF Fees Warrant Fees MTM Fees Short Term Lease Fee  Notice/Termination Fees Transfer Fees Forfeited Rent and Deposit Application Fees Administration Fees Utility Reimbursment Electric Reimbursement For Expenses, here is the summary of items you must factor the following:Payroll & Related Utilities Marketing Expenses Administrative Expenses Repairs & Maintenance Turnkey Contract Services Managements Professional Fees Property Taxes Payroll with Management (often times management will hire staff, so you can keep this together or separate it, depending on how you wish to track the data)Insurance I am expanding some of the expenses category for you to be aware of what kind of expenses you can expect for a 50+ unit...for instance, here is the payroll expanded sub-categories...Payroll & Related Salaries - Management Salaries - Leasing Salaries - Maintenance Overtime / Inconvenience Wages Bonuses - Incentives Leasing Commissions Temporary Help Employer Related Payroll Expense-ADM Utilities expanded:Utilities Electric - Occupied Electric - Common Area Electric - Vacant Water and Sewer Trash Removal Utility Billing / Recovery Service Marketing expenses expanded:Marketing Expenses Advertising - Signage Internet Advertising Other Advertising & Marketing Administrative expenses elaborated:Administrative Expenses Training and Education Career Apparel Postage and Freight Telephone Bank Charges and Fees Office Supplies Dispossessory Fees Mileage Reimbursement Expense Printing & Forms Copier Expense Computer Expense Answering Service Dues and Subscriptions Credit Fees Professional / Legal Fees Meals and Entertainment Travel Expense  Employee Screening Employee Recognition Overhead - Acctg & Admin Fees Repairs and Maintanance expanded:Repairs & Maintenance  Other Interior Maintenance Exterior- Painting Exterior - Doors and Windows Exterior - Carpentry Exterior- Lighting Exterior - Signage Repair Parking Lot Maintenance Tools & Supplies Other Exterior Maintenance Interior - Carpentry Interior - Cleaning Interior - Electrical Interior - Fixtures Interior - Flooring Interior - Hardware Interior - HVAC Interior - Paint Interior - Plumbing Interior - Window Coverings Interior - Appliance Repairs Turnkey Turnkey - Carpet Cleaning Turnkey - Cleaning Turnkey - Painting Contracting expenses can include:Contract Services Landscaping Maintenance Landscaping Other Equipment Rental and Maintenance Exterminating / Pest Control Property taxes are straight forward, and grouped with insurance:Property Taxes Property Taxes Total Property Taxes Insurance Property Insurance Hope that helps.