It’s ran like a business, not a personal investment.Given the heavy workload I have being the CEO/founder of the wealth management company, my wife has set up a well oiled machine on the property management side, due to her perfectionist drive however, it still means that she's constantly dealing with tenants and toilets and replying to items at all hours of the day and night.

diversification and cash flowSan Jose, CA has been very appreciation heavy... and i'm not opposed to keeping some property here, though the multi-family / commercial real estate has very low cap rates, and low growth from what i'm seeing.

The closest analogy I can make here is when someone "takes over payments" on a vehicle.  

Yes, 2 percent.Then again, we are heavy with staff so that stuff gets done for our owners.

To your point around T-bills, I'm not close to an expert around any of this, but that vehicle ties up the investment until maturity correct?

I am based in FL so there is a heavy hotel lobby. 

We screen heavy and have never not got paid.

Hopefully any regulations that get passed will be logical and not overly heavy handed (not holding my breath, but here's hoping).

I do see many investors incorporating a similar strategy with new construction builds, heavy rehabs, or in instances where the property was bought far below market value (usually a wholesale type transaction).

Hi Michael,From reading your post it seems that your project needs a heavy infusion of incentives to make it feasible.