I have separate accounts for each of my properties so I can quickly see how healthy each property's finances are.  

I prefer a lease over revenue sharing ( option 1)as it places full responsibility of Property manager to maximize revenue while having “ skin in the game” via paying for furnishings.

Sorry, but paying for you to live to the age of 18, and providing you with an education, isn't carte blanche to demand things of you.I know family situations are complex, but you need a healthy boundary.If you really think this is a good investment opportunity, then go for it.

Though they are slightly below market - they are long term and seem to be healthy prospects in keeping.  

I don't want to give sellers false hope by tying them up with a contract while I shop for buyers.This is also a bit different than wholesaling or bird-dogging because I will have skin in the game.

I don't want to give sellers false hope by tying them up with a contract while I shop for buyers.This is also a bit different than wholesaling or bird-dogging because I will have skin in the game.

Tucson had been appreciating at a healthy double digit appreciation rate and I wanted to take advantage of that.

Too Long; Didn't Read:What I bring: $70k cash, cheap realtor/access to the MLS, construction experience/not afraid to get my hands dirty, connections in the local construction industry, mentor who has been flipping for 15+ years, lender lined up for a HML (90% of purchase, 100% of rehab for 2 points @12%APR), steady job and healthy savings, flexible schedule, eagerness. 

There is a ton more risk putting $500k into 12 units than 100 or 200units That a larger syndication might offer, so I would want healthy returns to offset this risk.

Hey @John Mark Morelli, there is no need to cut those pines if they are healthy.