They must use the common areas to use the lake.

It is common for clients to ask me, “Just exactly how is a Realtor compensated?”

You need to have want is commonly called “skin in the game” which means a combination of cash, equity, out-picket expenses already spent on the project, joint venture partner, cross collateral-able property etc typically equaling 20% of the loan size lent.

Second, with the worst case scenario that I have to rehab it myself and still can make my minimum rehab profit.

The only thing your losing by not emailing me a scenario is your own commission.

. $500K is a really solid amount for a tenant-in-common investment.

The following is listed under the listing of amounts to be credited against minimum wage:(E) If, as a condition of employment, the employee must live at the place of employment or occupy quarters owned or under the control of the employer, then the employer may not charge rent in excess of the values listed herein.Another property owner that I know provided me with the two scenarios that I listed in my original posting.

that's just a bad policy in general. but this "technique" is complete COMMON SENSE.

Some residential realtors don't like them, but they are very common in commercial deals.

In reference to my personal "magic" formula for rentals, it is 2% of sales price should be the monthly rents, or taking it from the other side, I am looking for a monthly Gross Rent Multiplier (GRM) of 50, or more commonly expressed as an annual GRM of 4.2.