(Even if you don’t use it, get it and put it in the file)3) W2s, 1099s (2 years back)4) Income tax returns (2 years back)5) Any other statements from any other financial institutions: Retirement accounts, Annuities, TSP, Stocks, Bonds, Cash-Value on a life insurance policy, etc... 

If something looks suspicious, verify it with the bank/institution the funds are drawn against.  

Better if I can crowdfund a build and participate in the profit of selling the enhanced property. 

Can you refinance it with SoFi or another institution and cut the interest in half and then do option 2? 

In the end, we all made money, but I took less than I believe I should have.All that said, now I would buy the property from them using a Participation Note and Mortgage.

Our projected average CaC is 8.4%, after completion of our value add initiative (40 units).My teams experience is in private equity space, so am curious to what non-institutional LP's look for in deals.What are the minimum preferred returns?

Our projected average CaC is 8.4%, after completion of our value add initiative (40 units).My teams experience is in private equity space, so am curious to what non-institutional LP's look for in deals.What are the minimum preferred returns?

@Devan Sprayberry, my opinion is that the loan officer is as important as the lending institution.

I find myself not as interested in participating in the forums.

Many years ago, I was very active in a HOA Board of Driection and found that a lot depends on the management company and the residents who choose to actively participate in the HOA to assure that everything is being done correctly.