I have been a financial coach and taught his Financial Peace University class several times, and the BIGGEST factor impacting success or failure for participants is getting on the same plan with his/her spouse combined with absolute transparency, participation, and integrity shared among all parties.Best wishes!

This industry will always be here when anyone is ready to participate.

Seems hard to find a clear-cut answer on that. 2) In an LLC of say 3 Members where the Operating Agreement states all Member share equally in depreciation proportionate to their shares of the LLC, does that mean *each* member could take up to a 25K loss as long as all members are under that 100K limit and participate in the management?

I suppose they're coined "commercial loans" because they're more business purpose in nature and funded by private institutions not backed by the government sponsored entities. 

Continuation from Part 1 of this series: https://www.biggerpockets.com/forums/44/topics/723267-apartment-financial-underwriting-part-1-of-a-2-part-seriesApartment Financial Underwriting - Part 2 of a 2 Part SeriesInvestment Yield RatiosIn Part 1 of this series, we covered the basic organization and structure of an apartment proforma, income and expense summary, and a construction cash flow schedule.In this 2nd part, we'll cover investment yield ratios that we utilize as a professional development company, to analyze the return characteristics to determine if a project is worthwhile in our initial underwriting, as well as, provide final financial return reporting on completed projects.In the development business, these are the major financial ratios used to measure investment yields on equity investment by professional developers, institutional level and mid-size equity investors:Internal Rate of ReturnEquity MultipleROI or Cash on CashInternal Rate of ReturnFirst, the textbook definition:Internal rate of return (IRR) is the interest rate at which the net present value of all the cash flows (both positive and negative) from a project or investment equal zero.Internal rate of return is used to evaluate the attractiveness of a project or investment.

People know people that do it. if it's some single branch bank/servicer/institution, ok, yeah maybe but doubtful.

and up will pop up a menu list of every participant in the current thread.

Rates are purely based on individual institutions and how they want to advertise for the best borrowers. 

The reason for this is because the law recognizes that CFL’s are big boys and girls who risk only their own money (and who can only sell their notes to other CFL’s or specific financial institutions), not that of the unwashed public.The hot ticket lately, all legal, is to originate loans as a CFL and enjoy the limited restrictions on origination, then sell the loans publicly to other investors using a broker’s license (subject to SB 978).

It is a great area to own and invest but institutional investors swoop in and pay cash for places ALL the time.