I'll try to take a bigger picture approach to an answer. 

They are very knowledgeable regarding fund design but mostly act as a high priced facilitator to connect you with securities counsel.

he is a teacher at the high school i went to, no one ever suspected he was bringing in so much money!

When you look at a 100 percent owned deal you cut the bank out of the picture as far as cash flow and get to pocket everything.

Whereas, Iowa City isn't growing quite as much, is very saturated with rentals, and people go there for college so potential for high turn over.

Rates are high, and have been high for sometime now, but don't let the interest rate steer you away if the numbers make sense on the next property.

I highly recommend you paint the doors and trim.

Perhaps if the note was newly originated a one-year option might make sense.In essence, the option could serve as a bridge while the note seasons.I agree with your thoughts on introducing a lot of complexity -- hashing out all the details might only make sense for a very high-dollar note.

Although the suburbs may see a small but steady amount of positive equity growth, there is nothing hot and exciting happening in the suburbs to yield any high returns.

It's technically possible to have a high IRR number with average cash flow numbers if most of the returns are coming from the capital event(s).