Cash flow, long-term appreciation?

Hoping to learn more about: best practices, risk management, legal Considerations, and most important building long trust term relationships with borrowers.I deeply believe in the power of community and learning from each other's experiences.

What sort of return do equity partners typically ask for? 

The site prep can vary wildly using your terms depending on what is needed. 

Both leases are at the end of their term.

Hey @Jorge Arias, There are two main ones: Real estate professional and short term rental loophole.

Renting short term or long term will have some bearing on it but this isn't too far fetched to find a lender for this sort of thing.A small, local lender will be your HIGHEST probability of success when trying to find investor friendly lenders on investment properties.

My income is variable but typically around $130,000 annually, with a 60-70% savings rate.I’m just starting out and eager to learn, so any advice, experiences, or strategies you can share would be incredibly helpful.Thank you in advance for your insights.

Each investor will have different guidelines in terms of how many units is the property and what percentage is commercial compared to residential. 

The fee is in the typical amount for the area.Northern Virginia 1 level condos generally have not been appreciating in the last few years.