Subject to such standards as may be established by the Manager, Members shall have limited rights to inspect the books and records of the Company.

Now that is established you need to find a lender that when you close your property will give you a 30 year note in your name and have the title company transfer into your company name at closing .

The truth of the matter is there’s a ton of uncompensated work that goes in to a syndication and you should be paid.Think about the following:-The amount of time and energy it took to analyze enough deals to finally find a true opportunity -You are qualifying for the loan, providing the risk capital, Liquidity, and a track record-You’ve built essential relationships with Comercial Brokers and property management companies -You’ve negotiated the opportunity at a price that works -You’ve performed the paper and physical due diligence-You’ve built relationships that took time to establish in regards to their other equity partners-The General partners are going to create value and increase the NOI and ultimately the value of the property-You provide a phenomenal alternative investment that has a very unique tax benefits&-You carry all the weight and fiduciary responsibilities I hope this helps you make a strong case and your limited partners walk away with a sense of appreciation verses turned off.Dino

So you do have a wide range of time to evaluate and establish your intent before selling.

Sounds like you have very valuable experience and a great established network.What's your podcast's name?!

And don't be quick to trust a broker or property manager (or anyone else for that matter)... only give that full trust after you have an established relationship and have done business together successfully for a while.

Anyone know if there is a REA established?

That's why it's important to establish your goals first (i.e. these goals are then translated into the above metrics, for example - 12% CoC, 18%IRR, 1.5% Rent-to-Value, $350/door).Whether or not the property is "depreciated" does not affect you.

I have secured funding and I am looking to establish a local team consisting of Property Manager, General Contractor and real estate agent.

What is your experience, how did you establish your business credit and associated rating through Paydex and do you have any recommendations for myself and other BPs members?