*the site currently needs to pass certain soil tests to make sure it is clear to develop, so this is a higher risk area for investment since it is not certain if the tests will come back positive till around the beginning of 2025.

However, in such a case, a rescue fund would hold a superior position in the capital structure compared to the common equity investors, including yourselves and there acting as a parasite taking equity upside from all common equity investors.While this might provide a safer position for the pref equity slash rescue fund, it would also significantly impact the returns for common equity investors (previous guys).

Found this opportunity appealing based on positive cashflow/favorable cash-on-cash return.

He has placed people in key positions that are really good at what they specialize in, but Brandon has remained the leader of the company. 

Quote from @Julian De la Guardia: Hey Tim,House hacking is not just a good idea; it's a fantastic strategy for someone in your position.

Investing in your position is a laughable idea.

New forum member here.Long story short, I ended up through circumstances deciding this was a good time for me to buy a live-in two flat, which I mention because it is not a cash-positive investment for me.

And if you're open to checking out another market with strong rents, positive cashflow, and 1% deals - I recommend Columbus OH.

Yes.I had a rental where the applicant had a 7 figure salary.  

For illustration purposes, the investor with engineering and/or construction background may excel building in a market where there is ease in doing business and can build efficiently whereas the doctor may have greater success in the established market where significant barriers already exist but can afford the entry price and can ride the waive of continued appreciation and offset their high salary by depreciating the expensive building they acquired.