With school loans being 6% interest or less, I have no idea why anyone would first pay them off when the funds could be used to acquire investments making many times over 6%.

Since you've owned your other rental for 4 months - you could also look into doing a cash out refinance to help you acquire this one.

I am looking at acquiring two bed and breakfasts whose prior owners did not keep good records or shut down because of Covid. 2M and 3M sale prices.

They've simply created a legal entity in which they are the general partner to raise capital and then place that capital in the investments of other operators.What the operator is likely saying is that you did not invest in the direct real estate investment offering, you invested in a llc/partnership that invested in the operator's direct real estate investment llc/partnership to acquire the property.

Specifically, is there a statistical difference in the likelihood of actually acquiring the physical property versus simply earning interest on the debt as a financial investment?

I am currently looking at acquiring an 18 unit apartment building.

A lead is a person that expressed explicit interest in acquiring your product or service.When a prospect fills in your form of their own accord, THAT is a lead.So before I answer, what do you call a "warm" lead?

My ultimate life goal revolves around investing in communities where I can actively contribute to the flourishing arts scene.Lately, I've teamed up with a group of like-minded friends and investors 🤓, and together, we're embarking on a mission to acquire properties in out-of-state markets that are closely tied to artistic hubs.

That's as long as you can afford to acquire it in the first place.The question you should ask yourself is if you want section 8 in the first place.

Fundamentally the point I was trying to get across in my original post wasn’t about my due diligence, its that the cost of known and unknown repairs when you first acquire a REI is way higher than people seem to anticipate.The way my tax person explained it is the 25K limit you’re talking about is the limit to losses you can claim per property per year, I haven’t hit that for any property individually so it works out.