If you plan to buy in your hometown, buy a 2-4 unit, and live in one of the units.

Joint ventures entail utilizing your own money to buy properties with others.

I have many clients buying the older homes in North Phoenix near the north 101 as they are 20-30 years old, in need of updates, but also are poised for the long term growth from TSMC and other business/economic activity in the area. 

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.

Also, given our members are more focused on scale, many of them elect to create a syndication (even if it's a fix and flip fund), given the significant upside once raising more capital is possible.We also have clients who use our process for raising capital for crypto funds, buying existing businesses, hedge funds, and etc.

Then, if you can trend over time you'll want to see where the "path of progress" is going/moving and attempt to buy in that path of progress to gain some appreciation in the future.

I am looking to buy a 2 or 3-unit home in NYC.

If she went to buy a house and applied for a mortgage, I think the lender would say the same thing aka you don't qualify until you get this removed from the credit report.

I think with the time you’ll spend working on this, you could find 2-3 existing parks to buy in the meantime and not need to take anywhere near the same risk  

They are just going to use their 2nd VA loan to buy their next one while this one is tied up.