Landlords mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.This also leads them to ASSUME simpler is better when it comes to management contracts.

The seller will not be able to perform. 

I would check with the lender if they can perform a second appraisal because I am almost certain it will get flagged by underwriting.   

Trex is one major brand, but there are others.

Investors will pay the syndicator via by the performance of the deal with a split of the cash flow and appreciation.In exchange for the sponsor fee, you are able to be completely passive as an investor.

NPLs vs. performing pricing?

I am brand new to the world of real estate investing and am excited to get started and connect with like-minded people!

@Greg Seivert you are not doing a brrrr you are doing a br and later maybe if the market goes up a rr.

Today it cash flows immensely.Try to start thinking 4 dimensionally....focusing on how the asset performs over the course of time.

@Robert Tinker how's the corpus one performing?