This is why IRR is typically used to show the return of the project while accounting for the time it takes to actually receive that return.I would ask for the Syndicator to show you the projected annual returns year over year for a hypothetical investment of $100,000, they should be able to provide that information for you as it will already be in their underwriting. 

Hi Dmitriy I had two options:1-lend to allow them to pay back original investor, which would be interest only payback including capital at end of termor2-equity position whereby I put up $xxx to allow them to payback original investor (no interest paid on lent money) with equity income (rental).I chose option 2 for the income so it would be part owner.As with previous deals (Mortgage Notes) my IRA was on the deed and a promissory note was created as a result of the lending with a mortgage.As I read your questions and write in response I am now wondering if this is typical.

I did try surfing, and I have a board and a wetsuit, but I never made it out of the white water.

I'm using the typical general equation: ARV x .70 -  repair costs = purchase price.I understand the markets are super red hot now however. 

Typically Charlotte is at the tip of the trends, and the rest of the country tends to follow the pattern that is set here first.

I do aim for about a 10% cash on cash but with the market so tight and evaluating over a ten year hold I typically focus on an IRR of 20%.

I am not looking to become a flipper to say, just looking to learn more about it so i can better judge the properties i see needing a lot of work on the market that i typically stay away on making offers on. 

Typically, people end up will a loss on paper because of depreciation.

I typically give a 90 day period then reevaluate in most of my commitments.

They won't lend the money out until you have the property and they will typically need 30 days to close the deal.