A lot depends on what developer fee you want to take upfront and how much of the ongoing cash flow you need.For me and development deals I need less of ongoing cash flow and would take more of the equity upside to myself.What I like about equity and debt funds is you can do deal after deal and you do not have to worry about crowdfunding, distribution K-1's to investors, and doing a syndicate deal by deal where you have to keep getting new investors etc.Instead you can focus on development deal after development deal.   

The distributions will only be made after monthly expenses, mortgage and reserves have been satisfied.

I heard from someone at Countrywide that the REOs are distributed by local offices to local real estate agents who have given the company business over the years.

Instead of taking a lump distribution and paying taxes, they can roll the funds into a new IRA.

(Yearly Gross Rental Income) x 7 x building condition adjustment factor = MAO Yearly gross income can be derived from monthly income by multiplying with 12 months in a year.

You need an attorney to clearly define the relationship and roles and distribution ( profits ).I have heard of business relationships before where the own brother went back on a promise to the other.

I am undecided on if i can just go out and distribute them, i am closer to the Coast side of San Diego though.

.- looking at public records and liens it looks like there might be a rather large HUD second mortgage on the property also (I would think at least 70% LTV)The case is listed as closed since last month but does that mean the property would have been distributed to anyone or is the Conservator still tasked with wrapping up any assets, etc...?

An overview:1) you need a purchase agreement with the seller setting the price and who pays what closing costs, with EM.2) you need assignment agreement with your buyer, assigning your purchase agreement to the buyer, setting the amount of the assignment fee, and EM.3) these all go to the title co. where they order the title searches, provide the title insurance, provide the closing statements/HUD, and execute the closing between the seller and the end buyer, and distribute the funds.4).

It is not subject to margin calls but it becomes a taxable distribution if the value hits zero so we have to be conservative.