Seller was able to fill vacancy within days. 

Expenses must include a PM3 - Initial cost (cash in) must be no more than the maximum % of ARV needed by the initial REI (seller) that would leave that REI enough equity to keep enough CF/M to make it worth it for them to stay on as Deal ManagerExit Requirements (or Entrance from the Buyin point of view)1 - Splits of available (see Entrance Requirements #3) equity must be divided up evenly2 - Cash flow is split the same ratios as Equity splits3 - Property is held in an LLC, and the Equity Splits are actually membership splits of the LLC...not the property, because...4 - The LLC is the asset, and income source, for the LLCSince I started doing this, I find myself filling orders more than trying to fill Equity Slots...especially with my Out of State REI/Partners.  

@Charles McMillian  unfortunately with the internet the way it is.. and with all the people starting their real estate journey's thinking that they want private money like its cheaper than hard money.. this has lead the scammers to fill this dream niche... now reality private lenders that are real are far and few between.. rarely if ever will make loans to people they are not already associated with.. and certainly do not have a web presence.Any one with a web presence is in the business of lending  or screwing the public with up front non refundable fee's and never making a loan.. just plain ole crooks..  

@Dustin BudnyWelcome Dustin, I recommend filling out more of your profile and adding a picture.  

Whomever filled it, would be your next point of contact. 

The journey will be filled with plent of ups and downs but never lose sight of why you are doing it.I'm in Jacksonville and usally go to St.

The use of pictures and taglines are critical in both overlapping industries.In fact, the ability to write a captivating headline may make the difference in filling your vacancy within a few days or losing a month's rent.What do you think?

they came up in the morning back in Napa valley in time for cocktails. and the deal was done.. we had 10 days to close .Yep, agreed ... different game, different rules, different number of zeros on purchase prices (for sure), overhead (perhaps), and profits (hopefully) ... and I'm not at all trying to "dis" that game (which I think you understand), it is just not one that I prefer to play, at least not at this time ... pluses and minuses to everything and there are more than one way for each of us to make it to our own personal Valhalla ... great discussion and I love your perspective Jay, which is why I always try to "stir the pot" with your comments a bit and thanks for allowing me to do that, but getting off topic at this point so I'll probably leave it at that for now ... 

@James DanchusI haven't had to fill out this particular form, but I looked it up. 

I'd love for someone to prove to me that converting to a triplex in an R2 hood is only a minor variance, though.If you don't mind moving and renting out both units of your duplex, then 10k can get you another duplex easily with 5% down.I think that if you put 10k in renos and tried to refi youd get no money out after all of the fees and filling in the remaining gap to 20%.