David, as you have probably seen the Indy Market is very fruitful!

These discussions and thoughts will hopefully help other people make decisions about what they want to work toward and when they want to enjoy the fruits of their labor.

We also commit to going to our STR every 4-6 weeks and checking in, it is an extra cost but has bore fruit for us.

I believe WWC and my goals are aligned, however with these high upfront fees, it appears the general partners would do well with or without the asset performing, which risk is there with potential market correction coming.And, I see what you mean, WWC seems to be doing well with their system, so they may be squeezing more juice on deals now b/c they deliver for their investors.

I honestly feel like the juice is worth the squeeze in STR/MTR and may even continue this strategy as I find myself to be more adaptable and capable of performing.

The low hanging fruit has already been picked.  

Chris I agree that the administrative burden drives minimum investment amounts higher to make sure the juice is worth the squeeze to the sponsor.

Projects that cost less than 70% of their ARV are the forbidden fruit. 

Be sure the juice is worth the squeeze!

I dont do them often but did one up in Washington state and it was 50% LTV on the primary and then cross collateral on a really cool Ranch in North Central Washington that was free and clear so I got a first on that as a cross.. and I would have loved to own that property :)  @Beth Johnson does a lot of seconds from what I see and like me she knows how to juice the equity portion of the deal..