To summarize, it doesn't sound like a must have for you but I certainly would never do a 70/30 split on my own deals.

These documents, and particularly the PPM and the FAQs, directly discuss the function of the fund and the distribution process, as I have summarized in this response.   

But to summarize, as long as you qualify, you can expect to cash out approximately 75% of the appraised value of the property - after renovations are completed and the property is leased.

From what I have heard form an existing owner (5 condos), local PM companies are charging 25%-30% for PM.I'll summarize what I have for expenses in a document and share back here later today.

So to summarize: $219k cost includes rehab; sale price $245k, less fees = ~9% return.* By saying 18% annual return - that's probably how they hope to justify asking to keep your money tied up for the next one, and the next...

@Mike Woods I think you have summarized what I have learned in the past 30 minutes beautifully.

"the standard" by writing a contract to summarize our discussion points.  

Hey Lauren, most of these replies hit home but to summarize Raleigh just has a great job market and high education.

The data would be well received if the relevant info to the target audience is summarized in approx 2-3 pages.

I clip all of the appliance and thermostat manuals together and leave them with the book.One thing I still want to do is make up a list of "House Rules", a list that clearly defines some of the main tenant requirements from the lease, but in a summarized, easy-to-read format.