So I am at a loss and would really appreciate any advice. 

@Vanessa Lule I think your biggest hurdle is getting someone over the barrier that you have limited investing and life experiences.

I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

It wouldn’t be surprising if they were forced to close their doors entirely.I’ve also heard horror stories about lenders backing out of deals at the last minute, leaving clients with significant financial losses and lost opportunities.

I continued paying what I had paid before, with the additional money purely going to principal.The recast to a lower amount was purely to reduce my committed monthly payment to a point that I could get my property to cash flow if I had to move out (job loss, etc).

In my case I sold off appreciated properties in a location I deemed as having limited future upside, and used the proceeds to eliminate all debt on the better located prime properties I wanted to keep long term.

He will be totally hands off and only role is to provide money.My goal is cash flow and another investment(same as my father).I have limited free cash on a tight budget but have access to a heloc loan for expenses if needed.

Guys - I am a limited partner & invest in a multi-family building passively that was sold resulting in passive gains for 2024.

Cash has no limitations or second parties that can capsize the deal.

In this market i would only go that route if you have the resources to cover their initial investment so there would be no loss of capital if things go bad.One of the syndications that i am an LP buys MF, rehabs the existing units, converts tbe garages into max number of studios, brings all units to top of market rent, and exits with max NOI.