That contract defines the relationship, and you get to write it.

The term LTV gets thrown around loosely in this industry to say the least so make sure they quote define what your gross loan amount will actually be because there will be an ARV cap as @Nathan Cross alluded to.The loan structure you quoted is quite common but in most instances, you will need to have the liquidity to up front the rehab costs and then you will get reimbursed based on a percentage of completion. 

When using acronyms in our writing we must find ways to define the acronym such that readers will fully understand.    3.

All kidding aside; Since all but one of my properties are professionally managed, I have no idea as to how my tenants are doing financially, around the 15th of every month, I check all the bank accounts to see if the deposits are there from the PM, they were all there this month.If any of my PM's were to email, or call asking about rent forgiveness, I would not be happy since a major component of their job is to collect the rent every month.

Roles- What kind of roles did yall define in your agreement?

Even just looking at what has sold it's very difficult to find a comp on this particular house. 

Hi Patrick - I think the best way to familiarize yourself with a neighborhood is to first visit the area in the day and night to further define what you may call "safe".

You may have plaster and lathe instead of drywall, plumbing that consists of a hodgepodge of various outdated materials, who-knows-what kind of electrical components instead of a modern system designed to handle modern loads...

In Launch Control....how is a Market defined? 

Also, one of the most often overlooked components of a syndication is the reporting.