Bottom line for me is that it's totally not worth it.

I assume anything originating out of the country is a scam.Also, there is no way a foreigner with that amount of capitol will entrust a total stranger.

However, it is in your forum signature (which is totally cool) and it looks awesome (that is the new one, right!?)

This is my general idea of how it works but I could be totally wrong.1.

The reasons I prefer individuals are:- I usually have their cell phone number, so much easier to get a hold of then trying to call an office line and leaving a voicemail- Simple statements, usually in Word or Excel and just simply say the income and expenses and total deposited- Way less players in the game, meaning the one guy handles a whole situation.

Basically its somewhat the same as the lender doing an escrow holdback of 1.5% of the total project costs.

OTOH, if your rents average, say, $1000 per unit, $100,000 total per month, $1.2 million per year, you might be paying the PM $120,000 per year.

They would have 3 choices 1) more out at the end of the lease 2) m-m lease $200 aboved the rent increased 3) lease @ rent increase.I totally believe in Karma and being nice.

I would imagine things are totally different out there!

I forgot to mention that I too am a member of the RICH Club.