So the owner would need to keep his insurance, and I would not pay that directly?

Hi David, thank you for this it is an interesting read and there is lots of good food for thought.But for me I am not a fan of Syndication, (yet) and I do believe that the main reason for this is the lack of direct control I end up having.I have ventured into Partnerships over the years and with the exception of the one I have with my wife, none of them worked well for me, I understand this is more than likely a result of my approach to them, so I am confident that I can make it work, to me its a matter of finding the right place, and after a lot of conversations about Memphis I have decided this is not where I want my first Large Apartment purchase to be.I am now going to expand my search into Texas and possibly other surrounding states to see what can be found.

Can you shed some more light on the ROI numbers after your non-resource loan?

In this scenario the owners insurance company will be dealing with your insurance company directly 

No direct experience, but what i've heard from friends is if you have to evict it's as simple as hauling their trailer out of the spot. 

I sent out my first direct mail campaign a few days ago and I made sure to include my Google voice number as the contact on the letters.

Take Mom & Pop and your friends and go shopping...look at tiles, and light fixtures and your new furniture and all that fun stuff.Leave the stress with the realtors and attorneys and just enjoy the ride.

I did add a high maintenance percentage to cover any direct damage.As part of the town rules there needs to be an onsite property manager.  

It's a person's choice on where they land within that code, not a governmental directive or predetermined human destiny.  

Looking for the right opportunities not only for business but, for connecting with people who are moving in the same direction as I am trying to go.I am excited to be able to network with people who are willing to help each other.