Have you explored with the City the possibility of bringing the addition up to code, having the proper inspections, etc so it could be permitted?

In the latter case, the per annum distributions will be reduced if there is any Return of Capital event.Let's look at some numbers to explore this difference.Say I invest $100,000 in a deal with a 7% Preferred Return after which there is a 70/30 split between LPs and Sponsors.

The information stage is exciting so its great to see you sharing that energy in the forums and gaining more clarity on your next action steps.I'm not too familiar with NC but I'm sure its a great option to explore when comparing markets with NYC.

A slight inconvenience, but workable.2) You would have to work with a second bank to obtain a loan for your new home, and accept a commercial loan, putting 20%-25% downpayment instead of the lower downpayment primary loans qualify for.or) You could explore owner-financing or private money.3) You would have to double up on insurance to be safe for the first year, because you'd want a second policy as a landlord since a homeowners would not cover renters.

After doing some thinking, I don’t feel comfortable trusting that this brokerage will be the best fit for me without exploring my other options to be sure.

I would first explore a fix and flip loan option.

Hi All,My name is Omer; I am a new out-of-state rental ( buy and hold investor) currently exploring investing in Birmingham, Alabama.I would love to get some information about areas to look into ( mostly C+/B areas) in Birmingham and surrounding areas, open to new construction. 

I'd rather explore other markets.

I do want to explore my options.

Glad that you are exploring opportunities in the real estate realm, Krista!