What should I be aware of in terms of fees, timelines, and potential compliance issues?

Looks like you have a ton of experience and will be a good asset to this group! 

The investors I’ve know through the years who have utilized “sharp tactics”, something less than “honesty”, etc.  

I have strong financials and will be doing a >50% down payment for a Condo.

@Shiloh Lundahl I will do value add specifically with ADU development, so I am tracking permits to find other ADU developments and overall inventory growth to find a competitive edge with supplying demand in areas lacking larger residential developers aka "the middle housing"@Arlem Garcia Interesting, Tariffs will play a big role in supply chains, so it will be interesting to see how governments come to resolutions@Henry Clark Absolutely, imo gone are the days of investing for cashflow or appreciation, now it's about aligning long-term strategies with lifestyle 

No problem, though—I can get close to $100K saved by the end of the year, so I’ll be in a much stronger position.My question is, is there a specific number I should be striving for that would put me in a good position to invest in real estate?

.: Josh Altman is seeing a huge spike in interest among displaced Pacific Palisades Ca residents in seven specific areas following the devastating fire last month.He gets multiple phone calls daily from families who are looking to move to 1.

Eric,, I think why people go for the fund model is the idea that they are spreading their money into multiple notes being held by the company.. while in theory this is great but as you noted you don't really have any security compared to being the beneficiary of the debt instrument IE debt is in your name. 

It’s all about surrounding yourself with like-minded people who have the same goals, and you’re definitely in the right place with BP for that.

He's in Austin so a little ways away from you, but he probably has a good referral for a builder in Dallas who could take on a multi-family build.