Also, knowing the tech terms for a project benefits u bc guys will know you know SOMETHING about what is involved. 

.- OP has not indicated they will involve HOA even though multiple replies suggest doing so.OP asks for advice, but seems to ignore it.  

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

With your sister involved and the opportunity to reinvest your portion of the proceeds, this feels like a solid option, especially if you’re in the early stages of building wealth.Congrats on tackling your first deal!

Just know the layers involved and be sure you are still able to complete due diligence on the sponsor. 

Now the 9% doesn't seem to be a terrible deal, but then I calculated the risks involved.

I have never taken his course, so can't speak to that, but on the surface of a couple Google searches, of the two he seems to actually be involved in real estate a lot more.  

So BP staff was very involved and integral to the success of the charity. 

Meanwhile the property was deteriorating and tenants complained and got Dallas County Housing Authority involved.  

Also, logically speaking, for whoever the owner/developer of the project is, they have much more risk involved and should deservedly be the ones with the profit to gain.