Chris, how long have you been in the program and how much money have you dropped in the program, including the monthly subscription?

Ormond Beach for instance - properties that would have been snatched up by STR investors are sitting on the market with price drop after price drop due to zoning crack downs..

I know that everyone's time is valuable so I would love to take you out for a cup of coffee if you are local to Boston or maybe help you with something else like technology, RE and etc.Thank you in advance  I would pay the $250-$500 to spend an hour on the phone with an attorney - as their advice (Especially if its a $25k or $50k investment) is a drop in the bucket.

The watering hole right?

My priorities are cash flow and tax benefits, and I’m looking at purchasing a 2/2 that fits up to 10 and is along a body of water.

Since it's in the city, we have water and sewer access.

It's been a very challenging time this past year, and surprisingly we haven't seen any of the market drop. 

The watering hole.I don't care who you are, your butt will be at the watering hole at some point today.

Regarding risk my perspective is that it is much lower than typical common equity deals in that there is a 25% cushion re valuation drop before the pref equity holders would be impacted.

You may have some one offs if there are backdue water/sewer charges or back due real estate taxes as well.