Use of Proceeds:  Purchase of Single-Family Homes for buy and flips. Purchase of Multi – Family properties for hold. 

Fees: (i) All real estate commission earned by “(FUND)” shall be received into the “(FUND)”. (ii) 1% Fee charged for procuring financing. (iii) 5% Fee for construction Management (iiii) Property Management shall be at prevailing rates. 

Fee Structure:  (i) Preferred Rate of Return 8% LP (ii) 2% Management Catchup after Pref achieved (iii) 80% LP, 20% GP from 10% – 20% (iiii) LP 50% – GP 50% above 21 % IRR.

Redemption Period:  After a 1 year “Lockup Period,” Members may make a Redemption Request for all or a part of their Units, requesting all or a portion of that Members Unreturned Capital Contribution plus any accrued but unpaid Preferred Return. The Manager will endeavor to manage the Fund in such a manner  as to be able to accommodate  Redemption Request as any time Lockup Period as consistently  as possible, but Redemptions are subject to the available cash, and are forbidden if the net assets value of the Company is less that the total cost of redeeming all outstanding Class A Units.

Exit Strategy of Self-Liquidation: The Company expects to be self-liquidating upon the eventual sale of Properties. The company currently anticipates selling the Properties in 5 years a 1 + 1 annual Step up depending on market conditions.  

Investor Reporting: The Company will use commercially reasonable efforts to furnish to each Member reports as follows: (i) a discussion of company performance within 30 days after the end of each calendar quarter and (ii) all information relative to the Company necessary for the preparation of the Members’ federal and state income tax returns with in 75 days after the end of each calendar year.