That would at least be SOMETHING, and so it might be better than leaving 1.25 million of equity just sitting on the table untapped, but it feels kind of disappointing because it ties up a huge chunk of equity and fails to fulfill either of my two main goals: generating monthly income, and serving as a significant vehicle for further expansion in the near term.Several apparent ideas I'm actually NOT interested in trying are: investing out of state, partnering with other investors, and expanding into parts of NYC that can still be called "bargain" areas (in the later phases of a multi-year superbubble like ours, such places tend to be mind-blowingly distressed and they are simply beyond my comfort zone).

Also, I'm working on a spreadsheet based on his tables from the book.

What do you bring to the table that makes your deal better than the others sellers will receive?

Here is what I can bring to the table.

Account Closed they have to bring 50k to the closing table to pay off the rest of the loan.

I still think more sponsors should provide a sensitivity analysis table for Exit Cap and Exit NOI that illustrates the range of IRR on a given deal.

@Mike S. you'll certainly learn a fair amount about the process as an LP, but if you really want to get involved in the day to day you'll likely need to find a Sponsor who is willing to let you get in on the GP side in return for some specific skill(s) you bring to the table (deal sourcing, underwriting, capital raising, bookkeeping, etc.).

On a few occasions that I had to go in, while he's gone, a bible would be open on the dining room table where's he's reading it.

It's all predicated on what each party brings to the table and the value of that particular trait to the success of the venture considered.

If you have already have good deals then you can bring it to the table, otherwise it is just a talk.