Mine was financial.I actually think your deal is just marginally fair for your partner.

If there's no equity/margin for the seller, then it's not going to be easy to have him/her move much on his/her price. 

Would love to know your margins and understand what high cash flow means to you!

Turnkey often gets a bad rap here because a lot of investors feel that 1) it's a cop-out to turnkey instead of doing everything yourself and 2) because people feel (potentially justifiably) that leveraging turnkey cuts down your margins because the turnkey company is taking their cut.I think #1 is BS.

You may potentially be entitled to some itemized deductions.If you are considered in the business of lending - the income is considered business income and also taxed at your marginal tax rates for both federal and state.

If you can source deals with a margin in them, then that is a great way to grow quicker than most.Your family friend that owns the real estate company may or may not be a help.

These are mainly meant for first-time investors with low reserves, and you end up making a much lower profit margin due to the extremely high interest payments.  

I'm trying to figure out how to navigate this without increasing the number of draws I'm requesting from the hard money lenders. 1-2 draws/project I can handle. 5+ and that starts to really dig in to the profit margin on a deal.

It becomes like breathing air you just know how to do it optimally without thinking about it.I have seen syndicators take on loan assumptions with marginal terms and high fees or they used floating debt just to massage the numbers so they could hit a certain projected pref (hopefully) to the investors to entice investment of capital.

So there is very thin margin for rental property which is having mortgage.