Hi @David Geiger,Appreciate taking out time and responsing.Here are more details about the deal.Here in India JDA split are most commonly of two types.1 ] 55% - 45% share is either Profit/Margin/spread generated out of venture split in 55% for Developer and 45% for Land owner.Or2] 55% constructed Units are marketed and sold/leased out by Development firm and revenue generated out of it is entirely for Development Firm, they own this share of project.45% constructed Units are marketed and sold/leased out by Land owner and revenue generated out of it is entirely for Land owner, they own this share of project.Then,  At the signing of JDA/JV agreement depending on deal size, some money is transferred as guarantee or token to land owners, which is adjusted to above Share split.In this case, $1,200,000 US Dollars are to be transferred as Guarantee or Token amount to Land Owners firmThis amount is later on adjusted to either Agreed upon number of Units or Profits generated.

There are several ways that you can go about it, but one of the more common ones is for the private lender to clone a hard money loan structure, whereby the interest rate and leverage would match that of a hard money loan.

@Evan Engelhardt this is a common question here in the Chicago market when people look to house hack in nicer neighborhoods.

I did start down the FANNIE path and gave up and jumped to Finance of america which is a 50 state lender.BTW a "rental" IS commercial,,, BTW.But you are correct if you are buying a strip mall,  a MF,  20 yr am, 5 yr or 7yr rate reset is common. 

Checkbook control is the common solution for situations in which that impact is undesirable.

It is going to be inefficient to pay someone the same $x/ hr for tasks that anyone can do but are just tedious vs. tasks that require skill and are not as common. 

Hi Travis,Based on my experience with clients holdings of this size (2-4 units) I would say I commonly see a range between $750-$1,500 for an appraisal.

All this assumes the windows are not a common element and are your responsibility( and they probably are).

I'd call it a lead fee since those are so common.

Is anyone on site to help with checkin or maintain common areas?