I just purchased my first property in Fayetteville, NC and it's going to be a huge project!

We could find ways to still have multiple projects going on even though this option would absorb more money.

Then you can blame the lease when something unexpected happens.The lease/rents will be based on a portion of common area expenses, like the property insurance and taxes, the occasional re-seal the parking lot, seasonal sidewalk clean-up and roof maintenance; plus the upkeep of the tenant's space - spell out who will maintain the furnace and who will pay the plumber when the toilet backs up?

Hi @Roger EvansI know this is a late reply to this post, but if you ever need visuals done for a project of yours, large or small, please let me know.  

From what I have read, investigating the principal (company) that is putting up the offer to invest in their project is one of the most important factors, along with making sure the information presented matches the investors' portfolio needs.

If I end up needing to replace a roof, but the current owner is still carrying the note and paying the homeowner's insurance. 

I assume that will be added to the cash invested.What was the purchase cap and your project year 1 cap?

Don't base projections on being fully leased.

In saying that I don’t know if you replaced the roof, foundation, or other high priced items 2.

I'm going to need to raise the money to do the project.