The diagram below shows the required income characteristics and what they are dependent upon.

These neighborhoods exist and aren't difficult to spot but most ignore the characteristics because they are hyper focused on whether they can achieve their BRRRR refinance and ignore everything else. 

So a realtor is a big gamble at that point. 

Richard Gamble hosts a large meetup in Knox. 

Eventually, they moved forward without issues...but it’s a gamble.

Then you'll need to review your personal tax characteristics to determine how much tax you'd have to pay on that gain.

Rarely is that effective or provide an accurate depiction of the neighborhood characteristics.

The specific tax treatment would depend on how the preferred equity is structured in the syndication and whether it qualifies as debt-like equity or retains characteristics of a typical equity investment.

The fact that this sponsor used investor money to gamble on high yield unsecured notes leaves a bad taste in my mouth.  

Similarly, every property has unique characteristics.