How did you add value to the deal?

For purchases, some lenders use the projected rent on AirDNA if the occupancy score is high enough and take a 20% management expense against the gross rents so 80% of the gross rents is used to structure the loan.

If you end up paying a preferred rate that is too high, your preferred equity investors will be very happy but your common equity investors could not only lose out on returns but even lose principal because most preferred equity deals have the preferred equity investors receiving all their return on capital and all their return of capital before the common equity investors get anything.I have done deals where all the investors were structured as preferred equity with a specific stated return and no upside beyond that return. 

"Substantial services" to long-term tenants are highly unusual.

First you need to determine the property's value.

Streets and values can change from one street to the next here in Montgomery. 

This will help you learn about which markets will provide your target ROI.

They also offer a marketing option and outsources to another provider for bookkeeping.I love it, however, it’s missing one key thing for me.

Klamath Falls - Recreational paradise with exceptional value. 

Be able to share your value proposition quickly --there are tons of real estate attorneys, you'll want to have a niche  3.