Some take them seeing a physical check coming to jump on board and others it takes seeing your consistent action. 

These are nice units that are only 12 years old but we've noticed consistent tenant turn-over, and the major reason is the electric cost compared to comparable units in the area.  

Also I don't know your market, but there's not consistent correlation between most markets previous two years appreciation, and the years that follow, I'm hoping you have some other data points on the local market to help support the future appreciation you are looking for.

Mathematically speaking all of the limited partner's outside basis (80% interest) would have to be multiplied by .63 to compress to 50%.

You need to figure out how many months from close to finishing the rehab, then multiply those monthly expenses by that number (holding costs). $90k of rehab should command a better profit. $90k rehab budget, how firm are you with that?

However, most residential mortgages of properties consisting of 40 acres or less in South Dakota are subject to what’s called the “One Hundred Eighty Day Redemption Mortgage Act.”

Consistent and persistent action will win the prize.

Over 8 as a gross rental multiplier in Sevier County for overnight rental, in nearly all circumstances, will only produce a positive cash flow if the cabin is self managed and/or paying cash (or very low LTV).

other than jobs changing like when steel factories went under in Ohio etc... every cycle's top consistently out beats the previous cycle's top)So what is your strategy?

Even though I am prohibited from lifting a finger, I  do have to fire some cash pretty consistently at the running expenses of the building.