@Chris Lee not sure if this is helpful but I've been running a midterm / shorter hybrid model for a little over a year on 6 of my units.

That’s not their business model.

The upside for the investor is guaranteed returns, while the upside for you is that any profit above the agreed interest remains yours.Another option is a profit-sharing model, where the investor funds the deal and takes a percentage of the profits after the sale.

But the way you have arranged the owner financing, and build costs, followed by refinance…this is a repeatable model for you.  

You'll need to figure out how to wire it (it's not that tricky, a lot of devices have a 12v power supply) or pick a different model that can plug into a wall but has similar specs. 

That MMLLC would be a Wyoming LP to keep some ammoenimitty and another layer of protection for the llcs that own the properties.  

Not saying its a bad deal based on loan terms because it might make sense just know as an LP what you are getting into.Market Type & Competition:Determine if the property is in a primary, secondary, or tertiary market.Evaluate supply and demand, focusing on new inventory coming online in primary and secondary markets versus more stable tertiary markets.

But if you can find something that you believe you can make a go of - then there you go.As far as making this your business model primarily Seems like you're going to have to do a lot of sifting Over a lot of time looking for things that you think you can make a go of based on your experience level. 

Anybody have experience as an LP with Penn Capital?

I could also just do a straight arbitrage/master lease but prefer the co-host model as I see it as more equitable and disperses risk and reward more evenly between myself as the co-host and the syndication LLC as the property owner.