The fee is also listed in the fees sheet, but it raises many questions due to the way it works. 

It's like posting dynamic collateral that doesn't actually reduce the loan balance, not exactly a great deal.When the fed raises rates, they are directly targeting actors like this.

I know for a fact all of this would be stolen the first night working in many areas of the country so the first thing one would need to do is fence it and get security in there  raising the build cost substantially to the end buyer.. 

@Mary Pastoral- thanks ....I think you will need to use option 1 as the other options dont appear to be viable to raise the capital needed ....consider a conventional loan for the new purchase as the down payment can be as low as 15% of purchase price ....good luck 

(Proceeds to raise hand) Orlundo I got you.

Why do syndication sponsors go to all the trouble of working with LPs to incrementally raise funds? 

I shouldn't have complained - we've just raised $1m in equity funding from a proactive investor.

I'd post the link, but the site won't allow it, I see they've raised the price almost $10k.

And if the numbers are ever that great to where I want to sell a few to raise some cash, I'll either refi and pull cash out or I'll just eat the recapture and take the hit. 

I will have a chance to exercise my creative deal-making muscles early that will hopefully serve me well in the future.