With our structure, the development company owns about 45% of the equity when complete, and I own 50% of our company.So it will be about 22%

Construction costs are up over 40% in the last 4-5 years. 

Because, if you are a “regular” person meaning don’t make 5M a year W2 / legit bussiness which shows on tax returns, you can’t qualify for 20M loanAlso it mean, that people who buy 20M condo, chances are they have 100M-200M cash sitting and not doing anything.Return of equity is 0, as it also the cash sitting in a bank.Debt is cheap now days: 4-5%, but if you have “unlimited cash”, then not need to pay 4-5%As far as max cash flow and minimum risk - it’s something a lot of members discussed already.And last but not least - let’s not go off topic.

2-4, 5-10, 11-24, 30-50 for example. 

However, the whole point of making money is to live a better life, which includes caring for family. taking care of our parents is I suspect not even a twinkle of thought to most of the BP members that are on this site and 45 and under..

Here’s, the hard truth I’ve found in 45+ years in the industry; the vast majority of real estate investors, practitioners and business owners do not have a scalable activity.  

I'm a very conservative investor and may look through a hundred deals a month, and at the end of the year only invest in 4-5.

Dave & Frank also put on a great boot camp 4-5 times a year (https://www.mobilehomeuniversity.com/mobile-home-park-investing-books-and-courses/mobile-home-park-investors-boot-camp.php).

. ($20 vs $45 for a PN)

“And a pro forma vs. end of year actuals are very, very different.”45 years investing in real estate.