Blue State landlords are using the Govt to strongarm the tenants to make more money....in a backwards sort of way.

Now we have all sorts of fake lenders trolling SM sites promising the moon telling folks what they want to hear and scamming them out of small and Big dollars some of these folks lose 10s of thousands to these folks.. with the  line  " Hey its going to fund next week just need another 5k for some BS item"

I was looking at placing some money into a passive investment of sorts and was considering Fundrise or Arrived.

Today those numbers would certainly be higher… so your funding is a big concern to me on the ‘flips” side.I sort of point you back toward the old adage that real estate is not a get rich quick scheme.  

I live here locally so I’m definitely interested in some sort of group/meetup like this.

The other issue is the time and energy it takes to sort this out if you end up being reassessed (some people never have it happen.)  

It all depends on what sort of deal you are thinking.  

In your case, that would still be some sort of commercial loan.For first timers, HML will usually charge 10% or more interest plus 1-2 points as I understand. 

15.3% Self-employment taxes is a lot.Scenario 1 - You do a cost segregation study in year 1 and create a huge loss to offset your other income, great for year 1.Horrible for years after 1 as you used up a majority of your depreciation and now your net income will be subject to 15.3%.If your depreciation is mostly used up and don't plan to have net income, your business is not profitable.Scenario 2 - No cost segregation study is done and your depreciation is calculated over 39 years(low depreciation rate, you will likely be paying some sort of net income subject to 15.3%.Maybe not in year 1 if you have a lot of furnishings installed.

Is it possible to get get someone with some experience in these types of developments on as a partner of some sort?