. - which earns our investors a 12%-20% return on their investment.Here is the question for the BP family, - Has anyone in the BP family successfully refinanced a multifamily land contract into a new commercial loan, if so- where did you get the best terms, time frame, out of pocket, requirements, etc..

Make them earn your trust.  

How desirable is the space?

I am in the Earned Income section of the Cash Quadrant happily filling up my 401k thinking everything is going to be OK when I retire.

The Feds suggest that anyone earning less than 30-35K a year should not be spending more that 5-600 a month for rent.

I simply do NOT want to waste hard earned $ sending out mailings and have envelopes returned to me as an outdated owner / addressee.  

Then you get to profits to split, your portion should be last and include your management fee as that will be seen as a performance based earnings. 

Its all expense money that has to come back to you before you earn any gain and then you also have to pay income taxes on the gain even if long term gains you are still looking at 15% tax.

Jane, I would encourage you to do what you have a desire to do.  

However, if I were you, I would rather use that money for a down payment to get a property in a desireable grade A neighborhood .