HOWEVER, the tenant needs to initiate it.

I use this process for initial rehab estimates a lot before I go out and get actual quotes. 

This is how I initially started in real estate and I quickly saw the value in becoming a lender.

I would have them initial next to the clause in the lease acknowledging it.

She is holing 51 percent of the company for credit purposes on paper, but will maintain as a silent partner.Our initial idea was to Refi her primary residence to capture the existing 140k of equity in the home and to take that over to our new LLC as starting capital.We have hit a months long snag with the bank who is requiring a co signer as the only way to move forward.

If they are net, then a 2x multiple would imply your $50k will turn into $100k deposited in your bank, but not net of your taxes.Multiple is the sum of all distributions received divided my initial investment amount.  

Since refinancing is just getting rid of your old mortgage and replacing it with a new mortgage, the same initial rules apply.

Anyway, due diligence is a checklist process...and the first 3-days in contract are fast paced to keep you protected....the initial goal is to preserve your capital...that means a contract clause requesting an agent walk through with copies of all leases, rent roll, and income and expense reports within 48-hours is standard.

I didn't mention this in my initial post, but we also have a separate emergency fund already running for this startup, with about $10k saved so far.

Regardless of what an investment summary looks like, you have to be able to swallow your initial impressions (good or bad) and look at the numbers and business plan for what they really are.If you decide to invest because the investment summary looks pretty, you may be putting yourself at risk, if you haven’t done proper due diligence on the deal and the team.Project name (often the name of the apartment complex)Photos of the property and areaOverview of the submarketOverview of the dealDetails of the business planProjected returns and exit strategiesDetailed numbers and analysesTeam biosIn a 1 page summary, you get bits and pieces of each of these elements, though you would need the full investment summary to get all the details.If this executive summary landed in my inbox, here’s what I would do.