You want to know where you have flexibility and options to change so you can make decisions as you go to stay on track.

This would make decision making hard, on top of likely needing owners to sign mortgage guarantees, etc.Not enough involvement/too many owners, that you no longer satisfy SECs rules for involvement and it is really a security that needs registered or exempted.Some middle ground, like DSTs or these other fractional ownership, where the admin work is so intensive that fees need to be higher to make it worthwhile for the operator.Then again, I am drawn to real estate, so by nature drawn to traditional, proven structures.  

Self-managing can be challenging or restricted, so be sure to factor that into your decision.

The sponsor is the one driving the ship, the one making decisions, the one who has to communicate, the one who is the bearer of good and bad news!

They need to appeal the decision with clearer facts. 

@Tasha Smith I've been investing in Champaign, IL the past 8 years and the foundation to my portfolio, because of the PEOPLE and contractors being in place helps speed decisions up.

If you are more money than knowledge then most of the real estate decisions will be made by the other partners which will make you feel like a limited partner to something you are not wanting to be silent on.

She was referred to me through the consultant, and I can confidently say that hiring her was the only good decision that came out of that experience.Melissa's level of care, expertise, and communication was truly next level.

I’d like to make informed decisions before doing so, if that makes sense.

Silly me didn't take cash out when i refi'd in 2020 at 2.75% - regretting my decision big time.