Once fully satisfied, the split becomes 50/50.When accessing this deal, here’s what went through my mind:A PMP would have to be okay with holding their funds long-termThe borrower would need to be experienced with doing wraps, as it takes time to get willing and able buyerThe borrower would need experience in pivoting to a different exit strategy should they fail to successfully execute a wrapWith NO EQUITY on the property originally, and the PMP being in second position, the borrower would likely need to cross-collateralize if the PMP has NO INTEREST in taking over the propertyMy conclusion, from looking at this from a thoroughly analytical standpoint, would be only someone who has a moderate to high risk tolerance and cares about cash flow without pulling out and parking their money into numerous deals would likely lend on this.Anyways, thoughts anyone?

You definitely want a "like-minded" individual but you don't want that person to do the same tasks as you or its all just a big waste of time.

Safe to say an issue when deals are not being found lol..For the price and guarantee what to lose, don't drag move, guarantee time goes fast.

I spent a lot of time thinking about this and who the ideal tenant would be and ultimately decided long-term would be best.

I think the main problem is to figure out if the property works as a first time house hacker/ investor.

However, I have school and work so I hardly have time to do anything. 

Also turn times can be rough meaning days to close. 

There has literally never been an easier time to short sell. 

If the 16 unit complex is cash flowing the same as the 16 units comprised of quads, but the 16 unit apartment complex is half the cost, it sounds like the half cost option is far better. 

Feel free to reach out with any questions or if you’d like to schedule a time to chat more about your plans.