Now if you can’t do 30 year and go with this financing, but can bump rent to say 850 when they leave in August or you don’t renew or just bump their rent to that, combined with the fact that you’d be getting it under market value by a fair amount, I’d probably do this deal.This ofcourse is assuming the area it’s in is good.

Honestly, it's almost the same amount of work, so I want some money out of the deal.So I'd like to know...what does YOUR Lease say about early move out?

A heloc will be similar, you can borrow 80-90% of the value, less your first mtg amount.

For example, a 2BR might get $800-$900 from a market tenant and you have to collect the full amount.

I did due diligence through unconventional methods and for the amount of money I was willing to take the risk.

The amount of the judgement would make it an incredible deal.

Obviously the least possible effective amount is the goal. 

Eventually the LPs sued the GPs (mostly because of me) and we recovered the principle amounts plus legal fees but it took almost 10 years to get the money back.

And keep our properties free and clear to keep that large amount on cash- flow coming in ?

This will continue to work until it doesn't and then I think it will get ugly.So, to help us BP members, investors and syndicators alike I would like to encourage everyone to look at this metric.It's a bit hard to calculate because it's not just the amount you are paying on your bank loan but rather that plus the amount owed to the investors on a syndicated deal.