Estimate operating costs to see how closely they align to PM or owner provided information, and go from there.

That way, all incentives are aligned to make it a great experience for you and guests.Win-Win...you take the real estate risk, they get more units, you each share in the upside of a higher revenue lease model.

I certainly recommend checking out his podcast and the many others to see who your goals align with.

I would personally talk with an investor aligned title company to make this happen.

Price your time in line with industry standards and create upside alignment with promotes, matches on your pref, and other similar types of deal structures that you can demonstrate encourage you to maximize the value to passive investors net of the risks you're taking.  

As I have read in other posts and have experienced myself - Usually, long term appreciation growth of a good asset will far outpace cashflow, but if that doesn’t align with your immediate needs and goals, it doesn’t matter.Try not to get to caught up with the objectivity of the #’s alone.

There are a couple of recent comps that align with pricing. 

In fact since the Fed announcement yesterday, rates have dropped about 0.25% in the wholesale broker world for most products.The rates are mostly aligned with the 10 Year T-Note, which can be found here: https://www.marketwatch.com/in...Again, "mostly" being the key word here.

The property is in a very desirable neighborhood for college students that aligns with my investment strategy - within 2 miles (1.6) of a college campus with 25000+ students that grew 53% from 2002 to 2012.

Long term goals need to be aligned with your business plan.