@Zachary Harr at the end of the day invest where you are most comfortable and can build the best team in.

@Mat O'Grady I have used them and they are just like a regular comfortable bed.

It's about can the investor make enough money, in whatever amount of time they feel comfortable with, to make them happy (with the perceived ROI and other factors that make people happy).You are assigning a risk rate of 5% (or whatever) to RE.

The absolute best city or town to invest in ( do not get stuck on the notion of investing in major metros or you will miss out on many interesting opportunities) is . . . the one where you have a team you can trust, where you are able to learn the market and its nuances and get to a point where you are comfortable doing business there because you know how things work and what the market requires for success.

Old clothing and shoes.  

I wouldn't be comfortable telling them they can qualify with this uncertainty.I would tell them they need to speak with a broker to determine their eligibility for future loans.

Although you can get those wrapped into the loan by making an offer with seller closing credit. 6 months of reserves is a very comfortable cushion to have.

Quote from @Raymond Shoe: Anyone have tips on maintaining LLCs?

If people need absolutes to feel comfortable to invest with a sponsor or syndicator, fund, whatever then they need to not invest at all.

with over $5m it does not have to be invested optimally to be enough for your parents to live comfortably.