Which is not uncommon, what is uncommon is the number of inexperienced syndicator’s Who not only lost all the investors money, but some even fail to communicate the status of this indication. .To start, understand the type of deal you want to be in.

Due to the geographical factors that make Reno/Sparks fairly locked in, and the lack of multifamily zoning in Reno. 

Alternatively, there is a fairly limited supply of people needing laundromats, hence the reason you don't see them everywhere.  

Keep them updated to reflect seasonal decor or recent upgrades.Offer High-Impact Amenities: Small touches like a coffee maker, fast WiFi, or a thoughtful welcome gift can transform a stay into a memorable experience.Stay Communicative and Proactive: Prompt, friendly communication makes guests feel valued.

@Ramada Evans their is not nearly enough info listed to help determine if you are getting a fair deal.

Choosing markets with direct flight access simplifies logistics.After setup, frequent visits are unnecessary if you have a reliable team and good communication.

If you have mastered RE principles, assessing the value of the collateral is fairly easy. 

FYII filed a fraud complaint with the FTC and surrendered all communications and notes to the attorney working on the case. 

In other words, the cap rate becomes fairly meaningless upon transfer.Your job is to assess whether or not you can make a good profit after buying the asset at whatever the sale price is. 

:thanks @James Mc ReeWould like to hear from any others or @PPR about this too Hi Scott, I posted a fairly lengthy overview on the different kinds of funds and structures on the thread linked below.