After being involved in a business that owned real estate for 28 years and investing in real estate for the last 5 years I have a great relationship with many trades people.

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

Your LP’s will need to be informed they are behind a hard money lender, what those terms are and the risk involved with being behind that hard money lenderDepending on the lender they could require you or one of the LP’s to also personally guarantee the loan.In most states if you have more than one LP then you would need to register the offering with the sec (most likely as an exemption) but docs and setup would probably be $10k.Can it be done yes, is it typically done for a deal under $1-$5M, typically no

We strategically improved the property with minimal investment, focusing on cleaning and minor updates to enhance its market appeal.

If you believe the market will recover, renting might help recoup some value, but if the ongoing loss is a burden, selling now may provide peace of mind and a clean slate for future investments.Have you checked what is your after tax impact of the loss?

I don't think they'll make good wholesalers.I know 1 that works at Starbucks now, another started a house cleaning business. 

Good job involving ChatGPT.

Then I purchased rentals that are clean BRRRRs and grew my rental portfolio to over seven figures.

The thing I like about lots/land is there is a lot less emotion involved compared to houses. 

Then I purchased my own rentals that are all clean BRRRRs and grew my rental portfolio to over 7 figures.