As for better profit splits and preferred returns, we are just now reaching the size to be able to hit the higher tiers.

You will get almost always get better terms using conventional financing. 

The monthly HOA covers: Association Management, Insurance, Maintenance Grounds, Sewer, Security, Taxes, Trash, and water.What next steps would you guys take to get a better idea about this deal?

Instead, a better way to scale is to take that same money, and split it over 3-4 down payments to then be in a position to do 3-4 deals.

You can implement your own systems, decisions can be made in hours rather than weeks, and tyou can focus on your deals, not the otters 1000s of units third party has to manage.To say one is better than the other is difficult if you dont have all the facts.

The presale inspection is so that people have a much better idea of the condition of the house so they can be more confident in their bidding, that they are getting a certain quality.

But I guess anything is better than nothing.

But, the more uncomfortable you're willing to be, the better the deal will be most likely. 

@Mark Walker I honestly think you would be better off doing 5 individual loans. 

Hi @Imdhadur Rahman, I wish I had better news, but I know of no legitimate lender with 10% down on a non-owner-occupied investment property.