I’m exploring the idea of buying a vacation home near Yosemite, which I also plan to list on Airbnb.

It allows the sponsor to buy and sell real estate within the fund as well, maybe doing multiple smaller deals.

Investment Info:Single-family residence buy & hold investment.

It assumes the property is Class A - which not a lot of investors are acquiring these days.Here's some copy & paste info about property classes:_____________________________________________________________________________Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Many groups buy cash flow negative deals and overraise to pay distributions right away. 

But yes long term I am interested in buy and hold single and multifamily. 

My husband is a contractor which gives us a leg up in flipping, but we are also curious about diversifying and buying rentals.

Do that for six months before you think about buying so you meet other people who are doing what you want to do.

Think of it like buying an existing performing business.

Probably buy during hurricane season (now) to get the best deal.