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

I will then share it with you for your reference.The purpose of this meeting is to have a productive discussion about how I can improve my company to benefit the BP community and the company's financial growth in a way that adds value to the stakeholders of BP.I am married to a corporate big law attorney and employ many others.

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!

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.  

@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?

It may weed some out who were marginal financially.

Prioritize your financial stability.

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.  

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.