The gurus never tell you that searching through the smoke and the mirrors in the game, extending yourself very uncomfortably into the unknown, being willing to invest and possibly waste your time searching for answers, actually building meaningful relationships, all of that's is a very big part, if not the biggest part, of winning in real estate.When Hannibal was told it was impossible to get his elephants over the Alps to invade Roman territory from the north, he responded with the following:"Aut inveniam viam aut faciam" I WILL FIND A WAY OR MAKE ONE.That's the attitude we need here.

On the other hand, leverage could allow me to acquire multiple properties faster.Considering my circumstances (unknown target market, family support in Fort Wayne, long-term goals), what approach would you recommend?

I noticed there isn't a mention of a guardian ad litem being appointed to represent the unknown heirs.

Fundamentally the point I was trying to get across in my original post wasn’t about my due diligence, its that the cost of known and unknown repairs when you first acquire a REI is way higher than people seem to anticipate.The way my tax person explained it is the 25K limit you’re talking about is the limit to losses you can claim per property per year, I haven’t hit that for any property individually so it works out.

All that will bring both downward and upward pressures on the prices.The net effect on the prices remains unknown since Florida remains a desirable location.

But how much damage will be done by hoping for the unknown and operating at a loss?

A big unknown is what will the numbers look like.

Just get prequalified so the unknown becomes known.

If you have $100,000 in your brokerage account to borrow against, why not just use the money and secure a traditional loan, versus gambling with an unknown and variable future rate?

The main GP likely has no record of the Feeder Fund LPs, so has no obligation to communicate what is otherwise private information to an unknown 3rd party.