and I guess if I looked at that deal the cost of liquidating it at the time would have eaten up any equity.. so when its within 10 to 15% of market yes it has equity but I don't really perceive it as cash to me.I go through this exercise almost daily in my every day work a world.. when I get funding requests ......

I take it from previous posts that appraisers can do this though its a questionable practice.My question is what is the banks role in all of this?  

But it can depend on what your role is in the deal too. 

@Victoria BargerIf you want your effort and dedication to play a role in the amount of money you make each month, a career in real estate could be the answer.

It would take just one case of someone fighting inherited deed restrictions that are contrary to current COA zoning to put this whole hand wringing exercise over outdated deed restrictions to bed.

Regardless you would want to make sure you create an operating agreement for the LLC so that you both have your roles, responsibilities, and ownership interest written down.

The wholeseller role  dont understand it  and  dont know if the bank will?   

That sounds like an incredibly thin slice of potential tenants.As is kind of acknowledged in the article, there is risk of vacancy, if the tenant decides not to exercise their option. 

I’m an out of state investor looking for a great Realtor & Property Manager (bonus points if both roles are the same person) and possibly a local lender in the area. 

This type of structure can be used to invest in almost anything, and some of the most common real estate syndications include apartments, mobile homes, self-storage, land, development, ATM machines, and even bit-coin mining.Roles in SyndicationsNext, let’s discuss the two main roles in syndications: General Partners and Limited PartnersThe General Partner is the “jockey” that is in control of the day-to-day operations of the business.