Anyway these banks are slowly bringing his properties to market at discounted pricing to our model. 

Some companies run their whole business around this model and even source and rehab properties that would fit well in this model as well as place tenants in the property prior to you buying it so all you've got to do is "turn the key."

Their business model is lower prices to do more volume.

In addition to listening to podcasts and learning every single thing you can about real estate investing business models.

Do you have any recommendations on a model/brand that has worked well for you? 

If that is the case, I’d tell him to change his business model.  ;-)  My avg stay is 5 years & I still haven’t evicted anyone.  

You don’t need a brand new stainless steel model to attract tenants.

The basic model for discussion purposes looks like this (subject to many factors, I know):House cost = 1M.

Hi, I'm opening a RE fund (an international LP which buys properties through USA LLCs) to initially buy turnkey residential rental properties in the Midwest (already rented out and with PM in place).

The most common way I have seen (and only way, frankly, in my LP investments) is: from a tax perspective every dollar sent to investors is considered a distribution, and thereby reduces taxable basis and defers taxes owed on those distributions.Internally, the sponsors classify every dollar paid up to the pref rate as a return ON capital, so as not to reduce the capital balance and pref owed.