The smaller this number is, the faster I can recover your investment, and for this reason, I need to make the yield as large as possible.

Actually, for the good of the group I'll post this here.

Some place that I can reasonably visit myself if need be on a weekend.

This is one of the BIGGEST reasons people fail in this space. 

That's an absolutely absurd statement and actually an idiotic attempt at a straw man argument.

The only longer vacancies we have are more extensive remodels.Newer investors will opt for option 1 for a number of reasons.

I actually have one that we have copied from others.  

@Monica C.I've invested in a little more than 10 separate syndications with about as many different leads.The one thing I appreciate the most is those asset manager who are willing to send out monthly charts of actual vs pro-forma income and expenses.That's not to say that they are always within budget, because they usually aren't, but they at least show a level of honesty and accountability as well as showing progress.I'm invested in some deals that publish very few KPIs if any at all.

Or from the actual 10/15 year loan?

I would rethink actually transferring the deed to a buyer if you are still on the hook for the note.