Connect with other members too esp in your target area, Long Island to learn from their success stories and experiences and possible partnership.

So, we will have a rapid recovery due to the suppression of markets releasing (that's what lock down is, a suppression not a decline) and the inflation will push things to appear as all-new heights (this is where politician fill-in-the-blank will take credit for things being "better than ever" because the DOW tells him so)There ya go, my 3 cents worth.  

I highly recommend regularly attending local real estate investing meetups in your area/area you want to invest in as well as sending direct messages to other local investors on bp and social media in that target market as well and tell them what you are looking to do and ask to hear their story :).

Cash flows from individual property sales (or, at the Fund's option, on refinancings) are to first go towards payment of the current preferred return, then accrued preferred return, and any remaining proceeds are to go towards return of the Company's capital contribution.Personal Guaranty: The principals of the Sponsor are to provide a personal guaranty on the principal amount (not including targeted returns) of the investment.

I have a client looking at a 3 bed a side and we are going off of real closed rental comps on the MLS, targeting 1500+.

What is the typical target cap rate/IRR range for a hospitality, retail or apartment complex?

@Jennie Mcgaughey Being on a busy/noisy street is a turn off for some buyers and renters, others won't care.With a gross over generalization, a 3/2 is probably a good target for a young family with a couple of kids (be sure you DON'T advertise it that way or you'll run into a Fair Housing buzz saw!). 

Given both offerings targets the same return: IRR, equity multiples, and vesting term with similar sponsor background, and same type of deal (buy in place, minimum value add, hold, exit), how much premium will you price based on the location?

Check property records in your target neighborhoods to see if there are delinquent taxes or property that hasn't been sold in a long time like 20, 30, 40 years.

Alex, I would love to hear more about your lenders in Pittsburgh, as that is my target area.