Usually funds that offer higher returns have way higher risks with second position debt, long lockups, are more aggressive on LTV, or use high fund leverage.

The variables are limitless........This is why we break down what a building like this would look like going forward based upon our experiences and management structure.

It sounds like you and your best friend have a solid plan in place and are eager to get started.Regarding your question about structuring your business, you're correct that forming an LLC is a common route for real estate ventures due to liability protection it offers.

Smaller banks will typically have a commercial lending division and offer construction loans.

I don't know a single county that offers 14%.  

Hey Jessica, Columbus OH has boomed in recent years offering a strong real estate market!

I found it on the MLS, my realtor offered on it!

I found it on the MLS, my realtor submitted my offer.

I was looking at the Dawson Creek offering in Atlanta GA.

Have a conversation with your partners and mention to them that you are interested in buying them out.Make sure to factor in closing costs on the future sale in your offer.