Example if a syndicator is projections the same gains for multifamily they bought 3 years ago and just exited the next one might be in the middle of a down cycle and they might not be able to hit those projections.

Stuff they are selling now with projected cap rates a bunch of it is just plain trash.How much does your client have to put down?

While it's nice to purchase with the anticipation of year-over-year increases in equity growth, a 10% target is an interesting component of your projections.

Again, they tend to be more negotiable with you more than a Bank and look more at the project than you. 

Hello, Weston Harding here :)  I am currently doing my first project in St Louis.

A GC that works on the job, manages subs, gets permits, works with engineers, designers, etc. will have substantially more time into the project than the rest of you combined, easily. 

I pay them via paypal, venmo, walmart2walmart or some other form of online payments as projects are completed.I have a solid buddy take my calls via a team phone service routed through multiple call systems and he also views houses while I'm gone for a split of the deal.

I may get badgered here, and I apologize if this may be seen as politically incorrect, but good for you... this is the exact thing we see in the bible, and in our church all the time; people who messed up, cleaned up, and were given another chance.

We have a 2nd residence that is also something of a project house that is over a 100 years old.

I feel pretty confident doing an analysis of the duplex and project expenses, which cash flows nicely at $535 a month and a cap rate of 6.3% in year 1, assuming steep cost estimates and market rents.