What is $40mm in 2024 worth from both an inflationary standpoint, US dollar devaluation standpoint, and in real estate what could you have leveraged with the same $2mm investment in another market, plus risk/reward 1 $2mm investment versus 5 $200k investments.  

I do have some references in Vegas if you're interested in exploring. 

When you say you have worked with them ever since are you referring to turnkeys in general or Norada specifically? 

Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

I believe he meant to reference this particular program, to have the limit changed to 5%. 

I was in particular referring to discounts on houses that may fall into ocean in near future. 

Any information or references would be  extremely helpful.  

Plus, the cashflow is a lot better.When people compare rates, what they are referring to is how much the cost is in "points" for that rate. 

Using the LLC asset only makes more sense to me, but I've heard it from tax attorneys for example that the appraised value is what's used each year, until The Person owns 100%, then it's game over.If anyone has direct knowledge or first hand experience or can point me to a specific reference document (IRS perhaps?)

The workouts are brutal, but very rewarding.