But, that's why they get paid the big bucks and I just watch and smile.

In my old town, the connection fee was $20,000, paid by a betterment of $1,000/year for 20 years.I have had buyer clients who refuse to look at homes without town sewer, but not many.

Are the investors who were paid back going to pay the interest on a recurring basis or you as a syndicator going to do that?

Fast forward 64 years  and I paid $ 160,000

The new tenants are supposed to move in tomorrow and have paid first months rent with no lease signed.  

@RyanYes I do think about what would happen if the market peaked, interest rates continued to rise and I wouldn't be able to cash out refi but oh well, at least I still have an asset that I can rent out and have my mortgage paid down and then in another 2-3 years I will start to take advantage of the decreasing rate and appreciation.

In the end you get paid retail price for the land plus 20% of the profit on the building(s). 

Do you think the agent being paid by the seller will have your best interest in mind?

It's just more guarantee that his note will be paid.  

I would essentially be renting it at cost, with an extremely small to non existent profit margin especially since whatever money I would make after mortgage and HOA was paid, would have to be rolled into an emergency fund for the condo in case and when something will inevitably need to be fixed.