Way easier than trying to fix problems down the road.Your OA should cover things like:-How your partner’s initial capital gets returned -How profits are split after that-Who makes the big decisions (budgets, refinancing, when to sell, major repairs, etc.)There are lots of ways to set it up so both of you feel protected.

ARV comes from sold comps (prior 3-6 months), market feel, and knowing the direction of the neighborhood.

I don't have any real complaints however I feel like there has to be an easier way to go about this. 

I like the city itself, but one thing I don't like is that I feel like there are no major demand drivers there other than Baylor.For some reason there are lots and lots of older homes that need help. 

Feel free to check it out anytime.Good luck, and happy to connect.

If anyone ever wants help breaking down numbers or wants eyes on a property in the Triad, feel free to message me anytime.Happy investing, and hope this helps someone today. 🙌— Shakur

Please feel free to DM me and we can connect outside of BP.

I think a lot of newer investors underestimate how different these two tools feel once you’re actually inside a capital stack.Here’s the way I usually explain it to operators:Mezzanine = Debt with a seatbeltIt’s basically a second-position loan pretending to be equity.You’re paying a stated interest rate, payments are expected, and if you miss them, the lender can enforce remedies.

Feel free to reach out if you have any questions.

Feel free to reach out with questions!