5) What if the project is some type of value-added project that doesn't generate cash-flow in early period(s), does the preferred return accumulate until there is enough cash-flow to pay all preferred returns?

This will lead to appreciation, and also get you very solid cashflow at a pretty passive rate if you hire the right PM.

Kelly I looked at recruiting agent for my firm years ago.At one point I did an active campaign and had about 45 agents at my firm at one time.I have found most agents feel entitled or won't follow the steps you tell them to be successful.They will skip some steps because they are lazy and want to "get rich quick" like the rest of the population which is why so many fail.If I add an agent say on a 70/30 split then I have to take time from my own deals where I make 100 percent to make 30 with them.The training and getting over their mindset takes so much more time than me doing my own deals.This is why I have only 7 agents right now.I got rid of the rest.Many companies try the 100 percent model but you get either new agents having no experience,part-time agents who are rusty,child support demands,irs tax liens,license lapses for education and or non-payment of dues etc.It is a huge headache to keep up with for a low return.If you go the other route you can train new agents for a fat split before they leave the business or train a select few agents that you want to feed leads to on your team.I just focus now on my own investment purchases and my own commercial listings.

Also in my area, though we have rentals on the MLS they are not a good source of rental leads.

If he knows nothing of real estate but wants to invest in it, he should put ALL the money in some sort of savings or money market that generates a yield, and take the time to learn as much as he can in real estate.

I understand that a higher debt balance would lead to a higher effective interest rate but i do not understand how the loan term would change (unless the buyer opts for the same monthly payments before and after the capitalization of the closing costs)

Thanks foe the lead.

I'm looking forward to networking with all of you, and am always looking for new buyers (including wholesale), as well as finding new leads, sources for private money etc.

How do I screen a general list of names and addresses of homeowners in a city zip code to find the ones that have been published on Lis Pendens list? Do I have to be a paid member of some website, go check county pub...

Because I have not received a payment as of yet for November I emailed her and her work email bounced back to me which leads me to believe she is no longer employeed there.