but, i'll add the caveat that it also depends on YOUR financial situation. 

Definitely weigh the pros and cons, and as always, consulting with a real estate attorney or financial advisor may help you navigate this transition smoothly.Hope this helps and best of luck with your continued growth!

From what i've seen, due to the way the city worded the form with this LAIC taking financial responsibility, I'm having a hard time finding anyone who will sign it.  

@Sephr BemanpourRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

An attorney can give his opinion as to what the odds are of the different ways a legal dispute can play out, but it’s the investors decision based on a cost/benefit/ risk analysis to decide how and of to proceed.There’s no way for anyone to render an opinion about what you “should” have done without (1) complete information as to the property being purchased and (2) complete information as to the risk tolerance and financial makeup of your investment group.Here’s my advice - don’t second guess yourself based on opinions of people who (1) don’t possess “all the facts” and (2) probably never acted as sponsors of a syndicated investment.  

Tons of support here so ask away.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.

Great answers here.I'll throw one more in the pot: we help with this at STRLocator (finding STR, MTR and LTR properties that will cashflow according to your financial goals).You don't have to start with a mortgage or BRRR; you can start by arbitraging.

You're ready when you financially and emotionally sound, and you're really ready when you hit adversity.  

Prioritize your financial stability.

It may weed some out who were marginal financially.