I am trying to really get started here in the Dallas market, which, is very competitive.

For properties that are in better condition and newer in age you will be able to find competitive pricing for coverage. 

check Redfin's competitiveness score.

But man o man the prices were a fraction of this back in the 70's , 80's.   9 or 10% mortgage on a $60,000 loan was nothing too devastating, even with the lower income at the time.  7% mortgage on 500,000 loan is brutal!   

@Alex RodgersIn a competitive market, it might be difficult to find cash-flowing properties, but there are a number of tactics and methods you can take into account.

Was I too close to the mentor and presented competition?

So banks can just say they hold for investment - which equates now to $517B in unrealized losses because of this accounting trickThe moment banks have to move these to their liabilities on the books that will suck a lot of liquidity out of the market due to fractional lending…. https://dailyhodl-com.cdn.ampproject.org/v/s/dailyhodl.com/2024/06/02/517000000000-in-unrealized-losses-hit-us-banking-system-as-fdic-warns-63-lenders-on-brink-of-insolvency/amp/?

The only benefit I see is that it provides at least some competitive counterbalance to ABNB. 

But they ARE your competition if trying to wholesale, unless it's a big flip.

The fractional shares of the LP interest are definitely unregistered securities.