If you can identify your real drive, maintain consistency and discipline, and continue networking with other like-minded individuals, I think you will eventually find great success one day.

Typically, the banks prefer to refinance one year after the initial purchase.

I prefer graduate students whenever possible because they don't have time for partying, are of legal age anyway, and generally tend to be by themselves or with a partner so it's more like renting to a couple.

>  Some LP want cash>  Some want alternative real estate>  Some want individual properties currently within the partnership. 

The ones that truly understand it often don't want to be bothered, so, slightly back to one, are assuming that any outreach is bad news, otherwise, let it go.Everyone's preferences are different, but I found sending out a semi-generic email with a link to schedule time with me was the best way to reach the most people, and people that wanted to talk without making them assume something bad was happening.  

I prefer public comments here before you send a direct message, though. 

This property is unique in that we can rent out the whole property or we can rent out the property by individual rooms because each room has its own bathroom and it runs as a bed and breakfast.

How would you have preferred Sunrise to have developed at relationship with the residents?

Some people need 2% above the borrowing cost (8% cost of hELOC you gotta then make 10% + etc) and others will want to double their cost of capital or 200% so it depends.Everyone's going to give you their anecdotal experience or what their preferences are so its good to hear it all and determine your own.

Personally I like 1 savings and 1 individual checking for each property.