With a massive pool of renters constantly churning, demand for rentals has consistantly been high, and continues to squeeze higher.

When working with the cheaper folks you're going to go through a lot more churn.

If he simply invested you in the S&P 500 or and comparable index fund, check to makes sure he's not 'churning' the account.... buying and selling to generate a commission.

My mind is churning @ a million miles per second here.

This is thanks to being in better locations with higher appreciation, steeper rent increases, less tenant issues, and less turnover/churn. 

The rumor mill here in chicago is certainly churning here about these guys.  

If you don't want to churn your units, you will need to extend credit to people who have NO other access to credit.

We churn through a significant number of cases on a given week, and yes the numbers are much higher than you would actually expect. 

Gurus teach quick cash grabs as the norm.I've seen GPs churning 6+ deals a year, pulling in Millions in day-one fees and the LPs basically take on all of the equity risks.

Since you are learning about a property this size to turnaround plus looking at family money as the investment partners that changes the whole dynamic of investing in this property.You have to make sure under any circumstances that this investment will be a success or the collateral damage could live on forever.Whether it is an outside investor or not you should make sure the money is paid back but especially anything with family involved.In a down market cycle that is improving to neutral investors usually want to churn the money as much as possible to pick up the most deals.