Thank you Jonathan for the insight.

I appreciate all the insight, this is super helpful.

Then again, if the market is down 20% you actually benefit from sheltering the 50k from the downturn, earning 5%, and using it to invest in RE.Hope this helps Great advice and insight Josh,Thanks for the feedback.Sincerely,Joe

I would greatly appreciate insights into how this scenario impacts the original borrower's VA loan entitlement and any potential solutions or considerations I should be aware of in proceeding with this transaction.

I think it does make a ton of sense to look around DFW than right inside DFW.And yes, I would try a few different tools to get a rent estimate, not just Zillow:https://www.rentometer.com/https://www.biggerpockets.com/insights/property-searches/newhttps://www.neighborhoodscout.com/Neighborhood Scout has pretty good info on what returns look like for specific markets.

It gives you some insight into how to calculate and also pay contractors in order to have a successful project.

Is anyone in BP community working with or has worked with STR Insights? 

Listening to BP podcast they mentioned the importance of protecting your assets and provided insights on Trust.

Great story and insight.

Secondly, who cares what the ownership splits are if the gain can't be realized because the values are propped up/can't meet projections, the sponsor cannot execute on the business plan or the fee structure severely eats into the distributable cash when the realization event actually occurs.