I'm new to this forum and have searched for posts dealing with this subject.I'm looking for (1) general advice, (2) referral to resources but more importantly (3) 20-30 min conversation/connection to developers (I hope this does not violate the mentor request rules of the forum, I believe it doesn't, but if it does please ignore this 3rd request) who have gone through an adaptive reuse conversion of a multi-story building, preferably a historic building, into self-storage or any other use for that matter.I'm new to real estate development and self-storage, but I've followed the industry for years and have a basic understanding of the drivers/economics.

Hi all,Been looking at typical syndication structures and have seen a common one is to offer an 8% preferred return and then 70/30 the cash flow above that between GP/LP's.My question is, what is the 8% preferred return based off of?

I would prefer to be able to have support on any issues as it not only affects me, but tenants as well.

We would prefer not to make them members of the LLC because that would prompt the bank to require them as guarantors on the loan.Given this information, can I get some suggestions for how I could structure the deal for the investors?

Suppose that I want to offer them a preferred return on their invested capital and then split what is left over according to a negotiated split percentage.

It's already overwhelming for them to move so 80% of what you tell them will be forgotten and the paperwork could be shoved in a box and lost.I prefer to give them an email a week after they move in that has some key reminders about their lease, how to dispose of large items like broken furniture, how to submit maintenance requests, etc.

Question is when deal is divided between limited partners($ investors) and General partners (realtor + mgmt company with not single $ invested) Deal 70% Limited partners and 30% for General partners- with 6% preferred on your share of invested dollars which general partners will not collect however, will divide NOI (70/30) with you getting your shared percentage investment (lets say 15%) of 70% on yearly basis; and later on sale of property (70/30) again. 

We want to purchase our first investment property, preferably a multifamily, and house hack to build wealth.

Hi there my name is Mike and I am going to be a first time home buyer.I just got half my inheritance and want to acquire a cheap condo/apartment preferably under 100k in Dallas-Fort Worth, TX.

Id like to get into real estate, preferably into rentals first than flipping.