I don't know much about HOAs as I don't invest in any properties with them but I believe your HOA covers insurance on the building structure and common areas. 

The price of the total structure is 180K.

4) What is the fee structure?

I want to raze the existing structure, subdivide the property into 2, and build a new duplex, which has been done to numerous properties in the neighborhood.

If not this could be problemmatic to see how they have structured it (Reg A, Reg D - type of offering)2.

Lessons learned: - Negotiate more based on repairs if they come up on an inspection report, especially if its structured to be paid out of pocket after closing (as this lowers my Cash on cash return significantly)- Minimum cash on cash return I should be going for is 15%, 7% (Cash on cash return)-10% (cash on cash + principal pay-down) is a rate I can easily achieve through boring index funds on the stock market and likely not worth my time and much more of a liquid investment.Challenges:- House had a weird layout that made it a 2 bd/1 ba (utilizing a enclosed sun room as the second bedroom), which gives me some worry about future rents.- Communication between the PM & the existing tenant was not great during the purchase process (had to reschedule the inspection three times), however communication between myself and the PM after closing has been okay.- Scheduling repairs after closing has been tough as a result of the holidays & general lack of labor.Rough estimate of numbers (assuming 5% vacancy, $780/yr in repairs/maintenance, 10% PM fee, $480/yr insurance, $1227/yr property taxes):Current:Expected based on Rental increase to $670 (assuming tenant accepts increase, rental increase would be starting 02/01/2022):Expected if tenant decides to move due to Rent increase (PM company estimates it to be possible to rent at $725-750/mo; keep in mind this doesn't factor in costs to make rent-ready (if any), as well as the cost of getting a new tenant):

Hey BP I was looking for some opinions on how you guys and and girls structure deals with private money lenders.

I do see value in someone putting up the cash but I also think some form of fee would be reasonable for the work and effort I will put forth to bring this project to fruition- he will be 100% passive I would love any feedback or ideas from the BP community on a structure like this! 

What is the best way to structure these agreements to minimize the effect of this? 

My suggestion would be to network with other real estate investors in your local area and see if you can find someone who would lend private money in your area, or find a local HML who only lends in your region as they may be better structured to take down deal this size.