To provide a practical example, I acquired a 60,000 SF assemblage that contained an autobody garage, nearly an acre of surface parking and a 4 unit building in Philadelphia.

This approach conveys your respect and appreciation while making it clear that your decision isn’t personal—it’s practical.

The reality is we'll likely face the hardships of a (significant) decrease in spending and overall policy will be prohibitive at first.Feel like things will go 2 step backwards, 1 step forward.

The exact steps depend on the nature of the defaulted debts and on your local laws.State income tax planning.

Quote from @Kevin Zmick: Deeply and truly appreciate everyone stepping in to provide advice.

Doorvest claims that they help identify, purchase, and own rental homes for a littles as 35K and help generate cash flow.At the moment, I'm little skeptical but wanted to give it a try and write each steps here (good or bad) and help the community here. 

New build maybe a bit aggressive getting into real estate unless you have a builder as a partner in a deal to see the full steps or stages that go into new builds.Why new build?

This rule is part of the Securities Act of 1933, which was established to provide more freedom for businesses to raise capital while still protecting investors.Here are the key aspects of Regulation D, Rule 506(c):Rule 506(c) Filing:Allows issuers to broadly solicit and generally advertise an offering, provided that all purchasers in the offering are accredited investors.Requires issuers to take reasonable steps to verify that the purchasers of the securities are accredited investors.Issuers must still file a "Form D" with the SEC after they first sell their securities.The rule effectively lifts the prohibition on general solicitation and advertising for certain investment offerings, allowing companies to reach a broader audience when seeking investment.Accredited Investor Definition:To become "accredited," an investor must meet certain defined criteria regarding income, net worth, professional experience, or size of the entity (if the investor is an entity rather than an individual).

Congrats @Shaylynn O'Leary on taking the first steps in your investing journey!

As a CPA and real estate investor who is a general partner in two syndications, I want to share some practical advice to set realistic expectations.