My partner has performed 0%, and we both agree to that work distribution.

The debt service is derived after all expense have been consider to include a realistic operating cost and not the standard 25% & PITI.

On top of that when you dispose of property at the Corporate level, it gets taxed there, and then again when you distribute the amounts in the form of dividends.I do not recommend this and that is putting it politely.You also have to consider additional costs of filing and preparing additional forms now that you have an 1120 and 1040, as well as state tax filings (potentially).

Our notes are then serviced by a third party servicer who handles collections, distributions of funds and reporting.

Basically, he's doing a cash-out refi, distributing the proceeds, and plans to "exit" the investors from the deal (calling it a recapitalization).

Title will take this and have the seller acknowledge it (initial) as accurate and then distribute monies accordingly."

Along with what Austin said about the economy Amazon is currently investing in a distribution center in the northern part of the city which will add a lot of jobs and business to Dayton. 

So, is assuming the average appreciation rate derived from the last 40 years of history speculation?

Purchase price: $1,400,000 Cash invested: $400,000 Financial Highlights:Purchase Price: $1,400,000Price Per Door: $58,333All Units: 3 bed/1 bathAverage Rents: $700/mthMarket Rents: $1,100/mthRenovation Budget: $240,000Refinance End of Year 3 or soonerAfter Repair Value End of Year 3: $2,426,000Value Per Door: $101,000Valuation at Year 10: $3,630,000 (5% appreciation)New Loan: $1,819,000 (75% LTV @ 6%)Net Proceeds: $454,500Initial Capital Invested: $400,000Remaining Equity: $606,500Ongoing Cashflow Years 4+: $70,000/year approxQuarterly Distributions Starting Q4 Year 1Additional Details:Strong cashflow year 1-3 before refinancingAll invested capital repaid to the investor by the end of year 3Reno costs provided by LenderStrong boots on the ground team in placeLandlord-friendly marketTotal Raise: $400,000Minimum Investment: $50,000GP/LP StructurePartnership AgreementBuilding Specifics:Number of Units: 24 unitsBuilding Size: 33,393 sq. ft.Unit Mix: (24) 3-bed, 1-bathFor more information, visit www.venturecocapital.com.

Mainly savings for all my properties, except last one using 401K early distribution, just closed on that one yesterday.