If all goes well and we learn how to crunch the numbers correctly and build teams as necessary we'd love to branch out and try other wealth building strategies that real estate can offer.Currently we live in a market that is a little daunting to find investment property in (Seattle) and we're initially feeling more comfortable with numbers in markets elsewhere. 

@Isaiah Williams I'm not a lender or an attorney so please verify this - what I've been told by the lenders I work with is that FHA requires owner occupancy for one year and after that you can rent it (again - please verify as this is what I've been "told"). 

As far as tenant screening, I always check references from previous landlords and verify employment. 

(as an initial wholesaling company) 

So you may have initially invested 3.5M at an ROI of 10% to get your 350k/year but after some time your equity in the properties could be 7 million which would make your ROE 5%.

What would be a contingency to get out of the deal if the rent rolls/ operating statement or lease info is not-verifiable or turns our to be false ? 

What would be a contingency to get out of the deal if the rent rolls/ operating statement or lease info is not-verifiable or turns our to be false ?

On one hand, they me be just like you and not raise it often, but it also may be because there is something else lurking - just my initial thoughtsAlso, in order to get the lender financing they are requesting the Schedule E to verify the income to use to offset the debt, so that I don't have to get qualified using just my numbers.

If cash and capital gains are mixed then it gives rise to a pro rata treatment for tax benefits.For example if an investor invested $500k capital gains and $500k cash into a QOZ fund (and received stock) only 50% of the appreciation on the stock after 10 years would be tax free as only 50% of the initial investment was capital gains.The form to self-certify as an OZ fund has yet to be released by the IRS.If you have already invested cash into a QOZ for the tax benefits I would highly recommend you speak with a specialized real estate CPA who is well versed in QOZ's.

Tough to make a call on this one but you might save the relationship if you sat down with the GC and poured over every detail on what has been paid out (down to the last cent) and then come to an agreement on what is owed back to you from the initial $15k.