I would like to know what is the equation, or metric that I should use to judge one potential project vs another in terms of cost and the potential increase in revenue that money should create.

There are projected returns but no one guarantees a return.

I am thinking of investing in a syndication that is buying a 157 unit apartment project located at 3117 S 192nd St. in SeaTac, WA 98188.It appears the property last sold in 2015 for $1.8Mn….the syndicators now plan to buy this property at a price that is about 60% higher and around 10.8X trailing 12 months gross rental income or 9.7X gross income projected over the next 12 months.They plan to renovate the units and increase gross rental income by 11-13% in each of the next two years and then level off at 3% annual rental growth thereafter.

I am thinking of investing in a syndication that is buying a 157 unit apartment project located at 3117 S 192nd St. in SeaTac, WA 98188.It appears the property last sold in 2015 for $1.8Mn….the syndicators now plan to buy this property at a price that is about 60% higher and around 10.8X trailing 12 months gross rental income or 9.7X gross income projected over the next 12 months.They plan to renovate the units and increase gross rental income by 11-13% in each of the next two years and then level off at 3% annual rental growth thereafter.

Same rule here: the more victims it sees, the higher the likelihood that the AG would do something.I don't know how many active projects he and his company has going on.

As for skin in the game, I often cap the projected workout expenses to a set amount and if they go over that amount, my company is responsible for any overage. 

@Aleks, how's it going for your project?

There are banks that will make construction loans, but the terms and the bank’s oversight over the project will be a hassle.

I bring an eye for aesthetics, a knack for finding high-end materials at a great price and negotiating, great organizational and project management skills.  

I would love to have a “bird dog with renovation capabilities that doesn’t want to be paid until project completion.”