We have a good, dedicated team in place (contractor, attorney, mortgage officer, home stager) and we're in a growing city that has survived the real estate downfall.

Yes it's important to have someone show you the ropes but if you don't have leads coming in especially when you are new it's very difficult to survive.  

We would push more for those trade skills then core curriculum, mainly because we think the world is going towards being successful and surviving means you have to have your own business or profitable side hustle.

And so Survival of the Fittest doesn't need to apply to it as much as you imply it does.

My concern as an investor in such a deal is that first you probably didn't underwrite correctly, and second that you structured the waterfall such that I receive all of the profits and once you figure that out you'll abandon the project and I'll have to take over and finish it.To avoid that perception, and potentially that reality, you should consider structuring your offering with terms closer to market and triple-check your underwriting to ensure that you are underwriting conservatively, with full awareness that conditions today are about as good as they'll ever get and when things get worse you can not only survive, but produce a result somewhere in the same universe as you projected.

Any assets distributedin kind shall be subject to all agreements relating thereto that, bythe terms thereof, survive the termination of the Limited LiabilityCompany.12.03- DeficitCapital Account Balance.The Members shall have no liability to the Limited Liability Company,to the other Members, or to the creditors of the Limited LiabilityCompany on account of any deficit balance in such Member's CapitalAccount Balance except to the extent such deficit arises from thefailure of the Member to contribute the full amount of its CapitalContribution.ARTICLE XIIIMISCELLANEOUS13.01- Notices.Any notice, offer, consent or other communication required orpermitted to be given or made hereunder shall be in writing and,except for reports required by Article X hereto (which reports shallbe deemed to have been sufficiently given or made when mailed byfirst‑class mail, postage prepaid), shall be deemed to havebeen sufficiently given or made when delivered personally to theparty (or an officer of the party) to whom the same is directed, or(except in the event of a mail strike) five days after being mailedby first‑class mail, postage prepaid, if to the LimitedLiability Company to or if to the Manager or a Member, to theaddress set forth in the records of the Limited Liability Company, asamended from time to time.

@Theresa Harris  Prior to tenant moving in, the walk through inspection was completed all out of place things found were fixed.

Welcome to the BP Community @Brittany Harris

Here's some based on what my clients have best success (Applies to big counties like Harris County TX) Best lists to pull:- High Equity Absentee Owners- Potential Absentees- 20 Year Owner Occupants- Potential Vacant List- Age 55+ 6.

Survival of the fittest for sure!