The bad reputation comes from OOS investors wanting $20k D market properties.

The bad reputation comes from OOS investors wanting $20k D market properties.

The bad reputation comes from OOS investors wanting $20k D market properties.

A lot of Architects you call are going to tell you to pound sand once they see the online plans...because now they are co-mingling their reputation with a poor and basic set of plans, and taking on liability that they do not want.If you insist on using online plans to save a few $$, you will drive away good Contractors and Architects and end up with young, desperate newbies who will work with you just for a few bucks.

@Mario AmWell, the sad reality is that the worst actors among the wholesalers have earned themselves a terrible reputation, but the entire community of wholesalers has to pay for it.

I'm trying to find good STR mgmt companies that would be able to manage a 2 flat in Albany Park and a single apartment in a 20 unit bldg in West Ridge. I'm completely new to this but am an experienced multifamily inve...

As long as you are using a reputable title company - you are in good hands

So, while most syndicators realize the reputation damage will far outweigh the expense reimbursement, it is not guaranteed and theoretically, if the partnership fails to acquire the asset, you could be liable for out of pocket costs, sometimes with interest included.  

This creates an inherent misalignment of interest as the GPs only goal will be to sell the property as soon as possible (so they can cash in on the fee).Also, in this scenario the GP has no incentive for the deal to perform well besides the reputational damage they'll incur with their investors, thus making future deals less likely. 

From looking on a map, didn't see any pet boarding facilities right nearby, and they have a great reputation for the area they serve.