Quote from @John Reagan Johnson: I am new to the real estate industry and am looking to connect and exchange businessIf you are new I would suggest something totally different. 

In total it cost me about $500.Unfortunately, I was not able to reconcile the needs of my niche market with what the Capital Syndicate had to offer. 

YES, a person CAN sell without total site cleanup from a house fire.

I can totally see why you may have felt ashamed, but the reason these forums exist is to share information.

Earlier in the thread, it appeared to me that some of my underlying reasoning wasn't either being addressed or was told it was just completely wrong (simply from the total response in the thread), kind of throwing me into a state of cognitive dissonance.I am actually completely okay with NOI covering costs.

Now, over a year and a half later, he sent a certified letter last week demanding the security deposit or legal action within 30 days.Please advise. 

Especially if they put in $35K, or what amounts to most of the then total of their liquid wealth.On the other hand, we saw experienced investors with really strong reputations scale from a few million to a hundred million, or, in some cases, literally billions of dollars, in AUM at the worst possible time between 2019 and 2021. 

Here's a breakdown of the situation:Current Occupancy: 80% (16/20 units occupied).Current Gross Rent Roll: $14,265/month.Market Rent Potential: $17,665/month (100% occupancy).Renovation Needs: 15 units require full renovation ($10K/unit), 4 units are 75% renovated ($2.5K/unit), totaling $160K in renovation costs.Vacancy Loss: $41,820/year in lost income due to current vacancies.Cap Rate AnalysisThe seller lists the cap rate as 9.59%, but this is based on the projected NOI of $119,858 (assuming full occupancy and market rents).

Even more exciting, the total new-home sales for 2024 came in at an estimated 683,000.

I do have a silent investor, but when it comes to securing funding, it often feels like I’m navigating it alone.