This question was already answered recently by Michael here https://www.biggerpockets.com/forums/51/topics/1136752-expla...DIY Cost Seg or KBKG ($500 - $1,000)Engineering firm ($2,000 - $6,000)Michaels post explains difference btwn DIY vs Engineering firm. 

So an agent may present all offers to the seller and explain why one offer may be be better.

Would you explain the con of them being 2nd position? 

So this would explain why new payment requests are on a Chase Bank account.Remember to get releases of liens from all vendors and subcontractors before making payments.

Quote from @Stuart Udis: Unless you are bringing forward new information that explains why these investments are underperforming, you are simply regurgitating points that have already been discussed repeatedly in the forums.

Please review it solely to explain the cash distribution and waterfall provisions, including:• Any preferred return(s), including rate, compounding or non-compounding, and accrual mechanics• Capital account treatment relevant to distributions• Return of capital mechanics• Catch-up provisions, if any• Promote / carried interest structure, if any• Order of distributions on an ongoing basis and upon liquidation• Any differences between operating cash flow distributions and liquidation distributionsInstructions:• Do not summarize the entire agreement• Do not provide legal advice or interpret beyond the text• Quote or cite the specific section numbers and language you rely upon• If the agreement is ambiguous, flag the ambiguity rather than guessing• Present the explanation in plain English, step-by-step, as if explaining to an investorDeliverable:A clear, structured explanation of how cash moves through the LLC, including a numbered waterfall.

Can you explain more about what you mean by total return projection? 

Quote from @Wesley Whitehead: So had a phone conversation this morning with @Miron Briley In our conversation Miron did the following:1) explained how he heard about Pace's membership2) what he has learned through the mentorships and some drastic steps he took to achieve success.3) basic financials of some of the deals he did (purchases prices, interest rates negotiated for seller finance, some bird dog fees for bring the deals to other investors, units he has bought a buy and hold investor)4) a very interesting story about his experience about his initial meeting PaceWhat he did not discuss on mention1) a plug for me to be  sign up for the mentorship2) a pitch for gator lendingHe said to call him if I was curious to talk in greater detail, even mentioning going over deals I find to see if it would be a good SubTo deal. 

Focus on structuring your financing early and be ready to explain to sellers how your loan fits their timeline.

. $50k principle valued at $21k for Roth conversion.Here's a thread on BP started by @Dmitriy Fomichenko explaining this strategy in detail.