Don't forget the application fee.In the meanwhile, I hope you're doing everything you can to solicit applications from others.My guess (as Bienes Raices alluded to) is that his application won't pass muster for some reason anyway - on the off-chance that he actually asks you for one, pays the fee, completes it in full, and gives it back to you in a timely fashion.

And would you buy it if it was legally 750 sqft only, and the other 200 sqft was done in a workman like fashion....Thanks

The promoters interact directly with the investors and the portal generally partners with a broker-dealer in some fashion.

Absolutely yes but you must structure yourself in such a fashion so you always can & it must be done in advance.

No prepayment penalty.My question is this: is there ANY option I can present to them that would be better for them then listing it and selling it the old fashioned way? 

My biggest fear I suppose is I have a very willing seller, have someone who can check out the property so I can assess the value, I make an offer and then...I'm stuck... away from the area, not able to get a signed A & B contract, list the property for buyers, and complete the B & C contract in timely fashion. 

So I have the experience to do this, I just rather take the haircut on Gross Profit for myself where I can make it up with Equity and Cashflow on the back end.I have a variety of people interested in working with me in this fashion, I just have no experience in structuring a partner deal for this kind of work.

Let them know why it is fashionable to invest in large apartment complexes and be sure to trigger their fear of missing out on the opportunity.

With that said, I'd imagine an investor looking to break out of the corporate 9 to 5 such as myself, would be finding ways to increase their investments in a timely fashion. 1 property a year is a better strategy for those who are content and looking to have a nice retirement when the time comes.

We find our deals the old fashioned way.. door knocking, cold calls, letters, and bandit signs!