@Patrick Desjardins - I have spoken to a few larger funds over the past month about their models and I agree, having the servicer for compliance in collecting payments etc. for a low fee and doing the workouts internally is what appears to be the best way to go.

We normally call that the Total Return or more technically, the Internal Rate of Return (IRR).The Reality is that you cannot know if an Investment is Great until you have the following 3 things: 1) The Purchase Price, 2) the Future Cash Flows and 3) The Selling Price.I also like to say that the best investments are the most predictable ones.

Not to mention that our internal construction arm, Whitehaven Construction, will be installing absolute top-of-the-line kitchens, baths, and fixtures.

I'm curious what factors, either internal or external, folks think allow someone with a poor business plan and background to still raise capital for their syndication. 

We are attracted to the Salt Lake area for many reasons including growth in business & population, international airport, outdoor culture, universities, no rent control and a long but manageable drive from the Bay Area.

The International Residential Code (IRC), published by the International Code Council and adopted by Texas in 2001, establishes a set of residential building standards for public safety and welfare that include requirements for what can be considered a bedroom.

Though student rentals have their pros and cons, eviction is hardly one of them as no student wants to be left homeless during the school year, even less so if you make parents co-sign the lease agreements.Outside of student rentals, there are also plenty of medical Interns, Residents, and Attendings working at UC Health/Cincinnati Children's that that are looking for safe housing around work in the Corryville/Avondale area.

In company resolution is it passed that Partner B & Partner A both assign respective properties to ABC LLC & additionally Partner B has agreed to contribute $40,000 (The $ amount can be changed as this is an internal document)Expenses Paid By Partner B on her personal card  N Shore Rehab $12,092.74 N Shore Insurance $740.25 N Shore Utilities 159.66 N Shore Earnest Money 3000 Coffee Tavern Expenses 5716.76 ABC LLC 374.88 Loan/Gift to ABC LLC 1500 Option 1Partner B transfers entire $40,000 to ABC LLC & ABC LLC reimburses her all the above expenses she incurred on her personal credit card on the company’s behalf as the company does not have a credit card yet.Option 2Partner B transfers entire $40,000 to ABC LLC & ABC LLC pays her personal credit card directly for the amount of expenses incurred on the company’s behalf as the company does not have a credit card yet.Option 3Partner B just transfers the difference $40,000 - $23,584 = $16,415 .

But sometimes it's a negotiated figure based on comps and internal appraisal. 

Tyler, knowing what the interns and residents were going through we tended to give them some benefit of the doubt.