You don’t get CA level appreciation in Kansas City.Some areas are high crime so need make sure you understand the neighborhood you are investing in, like any city all locations are not equal.Very car centric city, mass transit is not widely used, people don’t walk, they drive outside of a few very walkable locations in heart of the city. 

Thanks Brandon Rizzo for understanding here.

Hi Bruce, i'll start by saying i'm a mortgage person, so please understand the context in which my response is coming from. you'd need to create CC&Rs/bylaws and establish an HOA in order to do this.

In terms of finding a partner, I would recommend partnering with someone who has something that you don't have (understands renovations, real estate experience, has money, etc.)

These resources, along with Dave’s inspiration sparked within me a passion for alternative investing and personal development.My PPR BeginningsDetermined to understand the business I was working in, I immersed myself in all things note and real estate investing related.

I had to look up what "variance analysis" meant.If I understand the question correctly, you're asking "What went wrong to not hit our 20% target?"

If you don't understand something, ask the PM to explain.

Your goal is to build a passive real estate portfolio (we can discuss what passive means to you), so while I don't condone throwing $100k into a deal without even a basic understanding, alternatively doing so will teach you far more lessons than reading a book will.  

Currently, I am looking to better understand the real estate market in Southern California. 

Once everyone understand the mechanics, and the results for all: they'll keep coming back to the table!