@Michael BaumEvery property we ever stayed at had a physical book so yes - it definitely suffices.

Growing your portfolio?

This allows them to get more capital so they can make more loans without having to grow their asset base, while also maintaining their relationship with the customer through monthly payments.

@Tom Wong @Kevin Ing @David Gotsill if you ever get together let me know!

I am simply an "active" passive investor.BTW, I am reading Joe Fairless' BEST EVER book and enjoying it.  

From the architectural wonders of Downtown to the tranquil, family-friendly communities on the outskirts, there’s always something new to explore and learn.The city’s constant evolution means different investment opportunities are always surfacing, whether it's the push for sustainable living or a growing emphasis on smart home technology.

There is strong macroeconomics because of the growing population, job market, and the major companies moving and developing here.

There is strong rental demand because of growing population, job market, and the booming tech scene. 

I would only ever consider this if the ceilings are already falling down or damaged.  2.

.- The syndication sells later for $5M, and my share grows to $200K.- I want to 1031 exchange again.Question:Does my next deal have to be larger than $5M (the overall deal size) or just larger than my share of the equity in that deal - meaning, if 200k was 20% ownership then it has to be more than $1M (20% of sales price)?