yes …. you can do it that way you can do a participation note... secured or unsecured.. the main thing is to have a conversation with the first lender let them know our a principal in the transaction and if anything happens you have the right to cure and take over...  

I would want 14-15% of the Gross Rent in that line item.

@George GenovezosIt is standard for those types of items to be addressed in the IRA LLC operating agreement.

Have you made it down to physically see it since the past conversations concluded?

The other beef I have is with the annual inspections, where they often find nuisance items for me to address. 

I find that cap rates can be very deceiving because these depend on how the seller either operates the property, or what their "proforma" says (usually a very blue sky), and if you're dealing in the 1-4 unit space, this can be all over the map with some less sophisticated sellers leaving out basic opex items like property taxes (I've seen it!). 

I handle all the day to day items of self management, property research, and financing. 

Some of the main points (all of which are availalable on this site/podcast) were the evaluation of purchasing a property and making a list of all items that will eat into your profits. 

So if I spend $12K to furnish the home (including all kitchen items, bedding, towels, etc.), I need to know the furnished rental can clear an extra $1K/Mo after expenses vs. unfurnished.- Also, in my market (for 30+ day stays) it’s important that each unit has laundry, parking space, small kitchen and approx. 1 bathroom per bedroom.

All recordings that have transfer tax are exempt.However, if there was an instance where it was due, it would be debited to the party paying for the recording fee for that item.