Well i think if Jim said 900k it would be more believable  873k is right out of the how to be a guru handbook.anyone else notice a slight change in policy were self promotion seems to be allowed more than in the past.. ???  

They have created a buzzword for social media users to promote.

I am not promoting an area but the correct process to determine profitability.What di that $50,000 house sell for 20 years ago, $75,000? 

I would be very careful treading into the coaching/guru ocean lots of sharks and promoters Would also say I enjoyed section 8 landlording in my 20's for an ideal retirement absolutely not for me but if you are looking for amusement welcome to the show you will not get bored watching tv all day, golfing or traveling like your friends for sure.Reach out if you have any specific questionsJon Bock, CPA

IMO LLCs are vastly over-promoted. 

Now sponsors will receive their “promote” as a percentage of profitability after investors receive either their investment back when liquidated/refinanced, or after the investors receive a preferred rate of return annually. 2.

Property management contract: Includes provisions for scaling fees based on deal volume and many other techniques promoted in the BiggerPockets community.Lease agreement: Includes terms needed to ensure that your rents increase with each lease renewal.Contractor agreement: Includes bonus payments and penalty fees for late work to help hold your contractors accountable.Contractor Scope of work document - give this to your contractor when asking for your bid so that all your bids are itemized and can be compared apples to apples.

However what you hear by those promoting it is not really true.

Now, some commands may be more lenient then others, but it can be an issue for career service members.I've had clients in the past pay a significant buyout rather then just breaking a lease (even though there was just cause) to avoid any derogatory marks that may affect future promotions.

Here is what we are assuming:90 % LP / 10% GP capital infusionPari-Passu to an 8% preferred return10% promoted interest to the GP over the 8% return, making it 80% LP / 20% GPAny other recommendations on how to go about it?