I didn't run the analysis on what the return would be if they declared BK13, as I was banking on a foreclosure. 

They’re good for gauging how capital is pricing different asset classes and whether demand is pushing returns up or down. 

Profits aren't somehow ridiculously high, but our average cash on cash return is >23% across the portfolio.  

Leave you with one last question: Does your reports from any software tie in to exactly your tax return? 

Returns to shoot for:Small multis (1–4 units): Most folks want at least some positive cash flow after all expenses, plus a CoC return in the 8–12% range.Larger multis (5+ units): Think more like 12–15% IRR and 6–8% cash-on-cash during hold, with upside on exit.

Additionally if the investor is reporting rental income and depreciating the asset on his income tax returns, wouldn't it be fairly easy to check via a title search to see that there is a mortgage recorded?  

Expected return was 15%?  

Im involved personally in other similar syndications and they are doing well with positive monthly returns and real audited financials that show year over year gains.

Affordability is tough here, and I feel like I'm in a push/pull between cash on cash return and long term ROI (including appreciation).

If you don’t pay it back, your death benefit shrinks.Low returns – We’re talking maybe 3–5% long-term.