This is because tenant really can break lease easier than LL, so might as well not have the lease to balance the power as it relates to lease termination   When does AB1482 apply:- is SFR then AB1482 does not apply- if triplex then AB1482 applies

Syndications require a an abundance of property/market due diligence along with compliance to SEC guidelines.

We're considering our options for moving forward.Numbers:Purchased for ~ $230,000 (2.5% interest)Remaining balance ~ $220,000Appreciated to ~ $400,000Cash flow is ~ $500 a month after setting aside for all reservesOptions we're considering:1- Cash out refinance- at current market rates, rough estimate is that we could access close to $100,000 in equity, but our cash flow would go to $0 or possibly negative for a period.2- Sell now - if we sell before the end of the summer, we could still qualify for living in the property for 2 out of the last 5 years for the additional tax benefits.

As a person who has purchased hundreds of mortgage notes (non-performing and performing) and done many seller finance deals let me tell you if this was the case wouldn't all banks require the buyer (their borrower) to get such a deed so that if their borrowers do not pay then they don't have to go through foreclosure.  

I suppose you could buy and sit on land, and that's relatively passive, but beyond that virtually anything else is going to require some level of financial inputs (maintenance, capex, value add) and time inputs (DIY, managing the manager, etc) in order to realize the best returns. 

The increased turnover requires increased work and the PM is going to charge accordingly.

Looks like that will get absorbed though and starting in 2025 there will be a big lag in construction and deliveries, so hopefully that will help us on rents.For the standard deal now in DFW, break even or a little cash flow probably requires 30-40% down.  

The bank will require ID and verification etc. 

If you are crushing it with smaller deals and find comfort and ease and low ROE (Return on Effort), then stay the course.If you want to scale, you may have to find a partner to help with capital and balance sheet.

The 75% LTC lender that capitalizes an interest reserve and finances 75% of the closing costs will likely require less cash out of pocket than the 80% lender who does not include a capitalized interest reserve and doesn’t finance some or any of the closing costs.