These loans often have interest-only payment options, meaning you only pay the interest for the duration of the loan or a shorter period based on the market conditions.

I see you're based in Cody, WY. 

It sounds like you're in a strong position to start your real estate investing journey, especially with your solid income, educational background, and detailed research.Focus on the first step of defining goals and strategy.

That was definitely our first concern when we conceived of this peer-based club however, and was the first phone call we made.

That’s what I was thinking too…and the capital gains would be deferred (and proportioned with each installment payment from what I understand based on the profit ratio). 

The 50/50 split is accurate, based on the profit made on the deal. 

Hey Sam, If the property is considered rural and you are looking to do a DSCR based loan you will be capped at 65-70% of the initial purchase price.

@Bruce Lynn, while I am guessing because I don't know "most" large multifamily, I would say it is very much manager dependent and likely to become more common place as many syndicators are struggling to make their mortgage payments.Ownership companies are still run by people, and people that don't have enough money to pay their bills will start prioritizing who to pay based on the perceived risks of not paying.As for taking over any outstanding bills, that is one of many issues of the common LLC transfer.  

Savannah is a strong market with a bright future and surprisingly, still affordable.

Based on my post, they can see that I am new to this and might need guidance.