Did you get a market analysis on the property to establish a good selling price.

Send me a DM and I'll get you his details!

As for some numbers and other futher details, message me directly and we will discuss it, if you are interested. 

The obvious being that, because this is a syndication, the members equity will constantly be changing and I'll have to keep amending operating agreements and such.Can any experienced syndicators weigh in here and let me know how they approach this and if I am misguided in my analysis of this?

Most detailed answer I'll probably get haha 

If you don’t save enough you may regret it later.The rest of your Analysis looks ok.

Any sort of shortcut is not to replace a proper analysis and thorough due diligence, but if you're analyzing a ton of deals, a quick a shortcut may be helpful to determine if a deep analysis is warranted.

@Jim Growfer think it's okay to use the 50% rule to quickly gauge NOI and determine if a project is worth deeper analysis. 7% interest is high and yes, that would be a bad deal if you only netted $10k on a $2 million purchase.

You don't want to niggle over every last detail with excessive back and forth negotiating.

I am about to buy my first property and with my detailed story I would love to hear what peoples advice on what to do in my situation to make the best of it.