How are you going to monitor what's going on with a bunch of randoms living together?

Many syndicators, including myself, base their projections on a five-year term.

Purchase price: $430,000 Cash invested: $85,000I bought the property partially renovated on the interior, then proceeded to do updates to increase value.

I agree - it's a smart way to get into real estate—especially if you want to save on living costs and start building wealth.

NO ANSWER, and the charge goes on. 

I would be inclined to not hold on to a cash flow negative property, I see our costs only going up. 

That to me is the simplest deal structure and the least "risk to you" as you aren't waiting for the final home to complete to be paid, as I understand it most construction loans close on the "dirt" up front....although like everything in real estate its infinitely negotiable and changeable.  

I saw some old negative posts on BP about Blue Gate but nothing within last 2 years and I didn't find info on the others. 

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

There is a burned out shell of a building located on a main street near our home.