@Jeff S.Speaking of recourse loans…https://therealdeal.com/new-york/2024/11/27/acres-goes-after-personal-assets-of-tides-equities-principals/

If you violate any of these rules you could blow up your IRA or 401k and the IRS could force you to distribute all of the assets in the IRA or 401k.

Again, that is if they decide to go forward with the sale, I guess worst case is that I obtain the equity and a mortgage at 3.75%...

They are a great tool for asset protection (when you have assets to protect), but they are by no means the end all be all of liability mitigation.

I'd reach out to Shona Lepis with She's Got Assets if you're looking to source insurance companies.

Subject asset is a 64,000 SF Class A Mixed-Use building comprised of 25,000 SF of commercial across 10 units, 39,000 SF residential across 32 2BD/2BA duplex apartments, and 165 parking spaces.

The way I see it is 25% down out of state means $100k in down payment/closing cost to obtain turnkey property that gains equity similar to an IRA or 5% down managing a renovation in the property your living in which in turn pays yourself from the equity gains which allows you to get to multiple house hacks very fast. 

Subject asset is a 64,000 SF Class A Mixed-Use building comprised of 25,000 SF of commercial across 10 units, 39,000 SF residential across 32 2BD/2BA duplex apartments, and 165 parking spaces.

They currently have under $1M in leverage on the assets but are looking to get a line of credit / portfolio loan to encumber these properties or other properties they acquire.

Stop wasting money on depreciating assets and interest (e.g. car loans and credit cards)4.