James is not afraid to go toe to toe, all the way to the courthouse, to preserve his ability to speak his mind, including on these forums...I will also say that if James asked me if I personally had an alter ego that I use to solicit capital from investors with, the answer of course would be "no" and I would easily be able to put his challenges to rest.Be assured that I am following the thread.   

I'm thinking building separate ones for 1-4 and then 5+ is a good idea, I've noticed the same thing when it comes to working with lenders - this tool was just meant to be a high-level deal underwriter to see if a deal is worth diving into further so that's why I included the ability to quickly plug in assumptions and switch between residential and commercial multifamily. 

The primary reason for opting for local property management was their ability to visit the property more frequently.

I won't claim to know if that is legal or not but if there are any attorneys on the bigger pockets platform, I would be very curious to hear their opinion on whether a sponsor has the ability to unilaterally erase an investors capital.

Probably you need all three, but it depends on your priorities and ability to cover costs for all these. 

but you just lose so much ability to be hands on and control things that far away unless you're going to fly there every week.  

Not only does it keep focus on the metrics that truly matter (which can be calculated with minimal inputs),but also affords the investor the ability to provide the pertinent project information in a clear and concise manner to prospective lenders.

Thanks in advance.Any advice needs to know whether or not the loans have been personally guaranteed and if so you’re ability to cover any shortfall in sales price, and finally if your other assets are exposed to loss in event of a judgement or whether they are “asset protected”.  

Your ability to resolve problems quickly and efficiently is what will allow you to have success in this business. 

Dont want to sell it and then receive a bill from the IRS for half of the profit I made...Thank you so much!