We've been looking for other houses but haven't found anything comparable in the same price range and location.

Inquiring as to track record, how the sponsor's projected performance compares to actual performance, and learning about how they approach a potential investment property are all very important.If you are investing in a turnkey or a syndication or blind pool, there is one added risk that you don't have when you invest directly:  the sponsor.  

Those are all relativley small numbers compared to buying a property at a 25% discount - $25.000 in equity on a $100.000 property.My first property was a duplex and I thought I was getting a good deal, because it was a short sale.

The units I used were designed to install under a standard kitchen counter (24in deep), so the back of the unit was not just a flush panel, there was recesses to account for hoses & drains on the washer, and space to route the dryer vent.My units were not much more than I would have spent for comparable set of units, but I did have to order them.

I am keen to know how private lenders rates usually compare vs banks.

I am keen to know how private lenders rates usually compare vs banks.

They didn't shop around, and they didn't compare with other locations, and I think I'll have all the tenants lined up before escrow will close.But it does take your time to go to these places.

It sounds like it will be a lot, but maybe I'm wrong or the increased rates compared to longer term place offset the additional effort.

Last year (2014) returns had less rental income compared to this year's pending taxes because it was owner occupied until June of this year.

I'm trying to compare non-CA markets and trying to understand why the low cost builds.