The path of progress is the “street car” project which runs from downtown to the plaza.

First off as a local investor with extensive knowledge of the area I have no idea if you’re rent projections are right bc you didn’t say number of bed and baths.

It does need a new roof, repaving the parking lot and general repairs.Currently I own one condo worth about 100k free and clearPersonal house has 170k mortgage and I have about 20k in personal debt.What do you guys think?   

Brown spots on the ceiling, possible roof or pipe leak.Cracked walls, possibly from stress due to the house settling.Rusted cast iron piping, time to replace the line.The list goes on and on.

That way they can use projected rental income to make the DTI situation look more favorable. 

If they do not have any then there is your answer  Just because a company can find you a good deal does not mean that they can get you the monthly return year after year on that property Always remember you own four walls and a roof ,they owned the business system it’s operating inside of that to give you the actual return that it was promised and that’s easier said than done if they don’t have correct policies procedures in structure Always make sure that your business model aligns with theirs to make sure that they are going to help you reach your ultimate goals well if they cannot have that conversation with you then maybe they were the wrong team to leverage your properties with

Agreed that it's much easier to project cash flows via value-add properties and maintain that control you mentioned.

The project has been going well.A couple months after closing on the 15 unit, the broker brought us a pocket listing that he had just come across.

Or is it as simple as taking funds, putting in a separate account and using it on certain projects and paying back at the end of the term agreed upon?

they were in business 20 some years took in 100 of millions in due diligence fee's at 5 to 10k a piece.. there targets were newbie developers who had bigger complicated projects that no one would fund when you have little to no experience.