Hi all! Check out Eric's OpEd in PennLive! Well done @Eric Caravella ! Our community is very proud of you!

I have sellers trying to restrict my ability to investigate the property I have under contract. Most recent email said this, what are your thoughts? “As a reminder, and consistent with the terms of the Purchase and Sale Agreement, any entry onto the Property and inspection activities must be conducted with reasonable notice and in a manner that does not interfere with ongoing operations or residents. Given that the Property is an occupied community, all site visits must be scheduled in advance and accompanied. We ask that you refrain from entering or driving through the Property outside of coordinated visits to avoid disruption or confusion for tenants. “With respect to third-party outreach, we ask that any inquiries be conducted on a general or hypothetical basis only and without reference to the Property, its address, ownership, or operations. “Any property-specific inquiries should be coordinated through us to ensure consistency and avoid unintended issues. “We will follow up directly regarding the Township zoning/code verification request once it becomes available. “With respect to vendor outreach, we prefer that any quotes or services be obtained through your own providers rather than contacting vendors associated with the Property.”

What do you do when a town refuses to write you a zoning interpretation letter?

I think I’m close to tying up my first syndication deal. It’s a light value add, a few homes to sell and vacancies to fill. But mainly it’s just increasing under market rents. It’s an asset in a great area that I’ll want to keep forever, and would like a decent chunk of equity for myself of course. But I’m a little light on cash until I can refi my other park. My likely investors are accredited friends and family. This is a relatively “safe” deal, but I’m also not a seasoned syndicator/operator. So what’s a good syndication structure to get investors interesting but fair returns, while also keeping a nice piece of the pie for me? I care more about equity ownership than cash flow at this point. So my inclination would be to go light on fees, if any, but bump up the equity split to a 40/60 GP/LP. Perhaps with a higher pref? What say you?

Here’s a dumb one: how do you guys plant new grass in a park you manage remotely, and where every resident is on individually metered water (and, therefore, doesn’t want you using their water, and isn’t interested in helping you by watering the seed/sod)? And what about when grass needs to be grown in a spot that’s not really near any water spigot?