Do you have someone who you trust to essentially be your project manager?

Drawing cash from your HELOC essentially allows you to skip the costs from that first closing (assuming the house you buy can be covered by the total value of your HELOC).

Essentially, my policy is that I am going to charge the tenant and or landlord anytime they require me to deviate from the contract or their actions result in additional work.

I use: 8.33%, 5%, 10%, 6% so essentially the same but switched the Capex and PM

The truth of the matter is there’s a ton of uncompensated work that goes in to a syndication and you should be paid.Think about the following:-The amount of time and energy it took to analyze enough deals to finally find a true opportunity -You are qualifying for the loan, providing the risk capital, Liquidity, and a track record-You’ve built essential relationships with Comercial Brokers and property management companies -You’ve negotiated the opportunity at a price that works -You’ve performed the paper and physical due diligence-You’ve built relationships that took time to establish in regards to their other equity partners-The General partners are going to create value and increase the NOI and ultimately the value of the property-You provide a phenomenal alternative investment that has a very unique tax benefits&-You carry all the weight and fiduciary responsibilities I hope this helps you make a strong case and your limited partners walk away with a sense of appreciation verses turned off.Dino

I asked how he knew, he said it's essentially a scam/rip off that he's heard about numerous times and sometimes the home inspector is in on it and gets a kick back. 

You essentially play the part of the project manager.

As far as monthly rent goes, it would only make sense if they covered all monthly expenses (PITI + any maintenance) PLUS a monthly fee that's essentially an interest rate on the $150,000 they are borrowing from me.

Current realtor has also never given any input so I essentially find my own listings and call the sellers agents to get sellers disclosures or follow up with properties.

Essentially, I would take over the payments. my mother wouldn’t want to live in the home all herself and would want to live in a smaller home.