D does not have a huge crew and relies on regular income for basic daily needs.

A natural gas water heater will also function, especially if it’s got a pilot light (this will have hot water regardless of electricity).

They use spreadsheets, contractor quotes, and research to learn but after that it becomes second nature.

Some sponsors treat regular distributions as return OF capital reducing the original equity and amount of pref over time.

I just need to get some more general information (you're thinking naturally I cant make an uneducated offer) from you..

I am concerned with the animal nature of #2 and potential problems there.What are your thoughts? 

@Ari Hadar the difference in the refinance is that I won’t be doing a cash out refinance, it’s just a regular commercial mortgage.

While I have been catching up on the talk about syndication on here the overwhelming amount of investor properties are bought by through regular partnerships and friends and family as it has been for years.

I’d guess a note like this has a lot more grounds my guess of having a long stretched out foreclosure due to the sketchy nature of this.

Physically seeing deals in person regularly and using BP to connect with direct owners would be very educational IMHO.