So the money does get taxed, but gradually.

Her health is OK, but it's going to drop quickly if we don't find a way to get her active and lose some weight. 

The foundation was already approved, permitted and finaled years ago for a 3400 sf house, and its solid and I won't be building directly on the overhang edge; but rather back away from the edge a few feet to prevent any load issues all the weight will be on the longer sides of the existing footing.

While our home prices do tend to rise, the growth is generally at a more gradual pace. 

Focus on the big moves: security, renovations, and cutting dead weight. 

There are pros and cons but i believe for most properties the cons out weight the pros.  

Given the size of portfolio needed that presses a need for it to be mostly A class assets to mitigate operational weight, so it could push closer to $80m in acquisitions. 

Not so much ;)So now investors are feeling the weight of dog properties…be it higher interest rates, non paying tenants, property values falling, government intervention (especially in CA), etc.

Quote from @Paul Azad: Beautiful property Blake, and great growing area, i drove through a few years ago, amazing scenerey and perrenial vacation spot, would you feel comfortable sharing the structure of the syndication for the investors, fees, projected IRR, or time weighted avg returns etc from a potential passive investor perspective?

And personally I put way more weight on buying the right location as a buy and hold investor than saving some dollars on the front end.