We feel that this deal is within our risk tolerance but want to avoid financial strain if things don’t go according to plan.Questions for the Community- Given the financial situation, would it be better to pursue a flip or BRRRR?

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

I heard about a camp for adults and kids that focuses on financial education.

Prioritize your financial stability.

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!

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

It may weed some out who were marginal financially.

Prioritize your financial stability.

@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.