The latter would be much faster to overcome.Aside from interviewing PMs, what are some good ways of identifying markets relevant to me and my goals?

A deal that produced a 25% net IRR to investors with a 1% acquisition fee, 1% asset management fee, simply pref + single tier waterfall, etc, may only produce a 15% net IRR under the current fee and carry structure, if their acq fee went to 3%, pref went down, they now have a GP catchup and multi-tier waterfall giving them higher splits for higher returns, etc.

Simply stating that people have believed for a decade or so is not sufficient.Regarding Bitcoin being a currancy, that will never happen until its value stabilizes. 

They’re simply projecting their own incompetence onto you.

Whenever I speak to a group of students interested in real estate, I always stress the importance of networking and simply asking people to coffee.

And compare that to simply refinancing.

Some of the comments above are simply ignorant to what lenders allow and don't.  501c3 falls in the same area as non-recourse loans for the most part. 

Ended off just simply putting a carpet over it.

Additionally, as long as you put 20% down, it typically keeps you safe in terms of cash flow, and then you simply have a couple dozen houses with tenants paying off your mortgages.

As far as when, when you are ready, but if you feel held back identify is it the narrative about real estate or your means holding you back.