I'm thinking about a closing I have in less than two weeks for three properties I'm buying.

I think the difference in the two approaches is that the one you describe is a capital investor who is not much more than a private lender (functions for JVs and flips more clearly), vs a capital investor who is an involved and long-term member-partner in establishing a portfolio together with the worker (managing partner) within an LLC for the life of a long-term investment (or two or three...). 

Because of the property is in the path of progress we expect to refinance and pull out all of our initial investment in less than three years.

The first three properties were all setup by the PM and I felt sometimes there were unnecessary items at the same time some missing necessary items.  

We've had three tenants in three years and usually about a two month vacancy in-between tenants so any profits we make in the year go into holding costs in-between tenants but it's essentially paying for itself and are almost finished paying off the mortgage so expect larger returns in 5+ years.

Jonathan, you're three posts in and have yet to answer the specific questions asked At this point it's evident you came on this post to be a condescending troll rather than constructively contribute.

Our clients lend money out right now at 12% and three-point 75 points.

If you're looking for a way to find the right investor, use these three simple steps: 1.

The issue that comes up for me is three-fold.

North Conway or someplace with at least three good seasons might pan out better.