Rehab it to market trends, not your personal preferences.

Does anyone have any recommendations of attorneys that are familiar with assignments in CT (Hartford County preferably)

I gave him a list of inspectors to choose from, including my preferred-but-expensive inspector, along with recommendations from other agent friends.He chose someone other than my preferred guy, who turned out to be a total dud.

My preferred strategy is BRRRR (I know, so original haha). 

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.