Maybe your property value is more accurately defined as somewhere between $60k and $100k.

Yall have definately given me things to think about.

Unfortunately the defining characteristic of how good your home is, the quality, cannot be adequately prescribed for you within a presale document.  

Simple way:-Debt signed for counts 70% of equity dollars-All who sign for the debt get 70% accounting-Equity counts 100%-Pay a development fee in the deal for the person managing the work-Pay market fees for other work like selling, etc.More complicated way:-Structure preferred return for equity-Do split thereafter up to some defined IRR. 

Hi @Jamie Turbyne, in order to improve your changes of being successful at investing in a syndicate you need to be able to evaluate the following:1) The Sponsor - this is the team of people that source, the deal, get it under contract, define and execute the business plan and who manage the property managers.

So, writing is better than phone calls, as people often forget conversations; but for those times when phone calls are more practical, then follow up with a confirmation e-mail describing the conversation and defining any agreement you may have arranged during the conversation. 

If your following me you're seeing that the main level / basement unit doesn't have a defined bedroom at the moment.I'm Looking for some insight and thoughts on the pros and cons of residential vs commercial for this space. 

The question you have is your area defined the same or differently than all the other units areas are.

@david flores I'll definently be checking out that podcast!  

I've had so many Ah-ha moments over the last year it's hard to define one but possibly the biggest is just how powerful the note industry can be in general and the realization of the advantages that this industry has over rentals and land lording.