After we’ve scouted the market and found a property we’re interested in, it takes us about 60 days to follow through on a comprehensive appraisal of the property. This allows us to determine its investment potential. If everything meets our standards, we start raising equity among passive investors. This process usually takes a mere 5 weeks or less, depending on the desirability of the investment. Once our pool of investors has reserved their stake, we send out the PPM for them to review and sign. With the PPM signed, we collect the funds, closing the property 2-3 weeks later. Generally, our investors receive their first distribution 60 days after we close.