What type of lease is the tenant on, MTM, Yearly, 6 mos, etc.

Title is down through escrow, but the benefit of an attorney on this type of deal is super valid.

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Im working on this deal out of state so not too familiar with this type of lien, anyone have experience with this?

It’s new but there’s an obvious need for this type of deal and there are lenders that will work with it given proper information.

Try looking at:What to Ask When Working With a Turnkey ProviderandThe Best Types of Markets for Profitable Turnkey Properties

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My word of advise is, to educate yourself on what syndications are about, what type of asset classes are offered through syndications, what type of financial pre-reqs they have, familiarize yourself with SEC ruling 506 D both options b and c.  

The disclosure specifically says no water leakage, accumulation or dampness as well as no repairs or attempts to control any type of water.   

Still on the hunt for a good tool to model this out, but do you have any good rules of thumb you have found useful when looking at these types of deal?