“Money goes where money is treated best.”Your future ability to attain and maintain financial freedom depends on the city where you invest.Investment TeamAn essential location selection criterion is an experienced local investment team.

Plus our population is growing steadily which helps maintain property values and rental demand.

You'll have to read the details in your PPM and Capital Call notice but generally you send in more money to maintain or decrease, but never increase, your original position, It's not like putting money into a losing stock where you now own more of the company for a lower average price.You're far from the only person this has happened to.

If one or more units are vacant, the remaining units often don’t provide enough cash flow to cover expenses, making it harder to meet operating costs.Maintenance costs: A fourplex comes with four times the appliances, plumbing, HVAC systems, and other components to maintain, leading to significantly higher repair and maintenance expenses than single-family homes.If you want to see the detailed calculation, read this BP blog - More Units Doesn’t Mean More Money—Why a Single-Family Home Can Beat a Fourplex.Resale value: Multi-family properties have a limited buyer pool—mainly investors—who base their offers on CAP rates.

I don’t think well maintained, well run properties that have rents at or close to market value should ever be that difficult to sell.

A lot of lenders used to apply 35% for expenses, but in the last several years, the numbers for supplies, labor, utilities, taxes, etc… have increased significantly.Also take into account the age, occupancy and how has the property been maintained, this will affect the expenses too

Your partners become your advocates, your network grows naturally, and your opportunities multiply.As you keep scaling up, think about how to maintain those personal touches.

As large investors entered the market to acquire single family houses, our margins were squeezed and we ultimately could not maintain our target investor returns as the market totally changed.

You need to properly maintain all this structure or it just gives a false sense of security.Secondly, why all cash? 

Even then you would still need to actually go get the license and maintain it.