Property to be owned as a single asset, Limited Liability Company comprised of a Managing Member and Investor Members
Investor Members are comprised of 5 to 10 individual investors with a $50,000 minimum investment per investor
Managing Member controls all facets of the investment including acquisition, financing, management, financial reporting and disposition
Investor Members are passive
Financing is completely non-recourse to Investor Members with any necessary debt guarantees provided by the Managing Member
Investor Members have no additional obligations for capital contribution beyond their initial investment
Managing Member invests 10% of the required equity
Managing Member's compensation is 20% of the operating cash flow and 20% of the residual cash flow after the full return of the Investor Member's invested capital
Investor Members receive an 5% internal rate of return before the Managing Member receives compensation. The IRR is calculated at the conclusion of the investment
