Some people are able to save money and budget and others are not really good at it.

I start by telling them we have a lot of money tied up in the property, and we've been burned by folks that wanted us to believe the best of them.

Would it make more sense to move the money we make from selling to a different property that could potentially increase our cash flow? 

And even a good PM will not watch your money like you do.

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

Look for some of those to go in as an LP (limited partner) and learn and grow your knowledge, skills and investment money so you'll be ready for the next accredited deal. 

Money talks and BS walks.

Wouldn't it make more sense to raise money privately?

That helps you recover some of the money so if things proceed to a lockout, you're not as bad off financially.

Pricing higher than a bank ( if you can actually get a bank to lend you money in the first place)2.