Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

I am a big proponent of self GCing new construction investments, as long as it is done correctly.

So, you are not at limiting your self when buying a new property.

It has provided no estimate of when distributions will be resumed.Nonetheless, it continues its barrage of self-promotion and continues to project large profits on current offerings.The proof is in the pudding.

Are you self-managing? 

It felt like everyone I found were self-serving, looking to line their own pockets, or not willing guide because of fear of competition.

With $150k here you’re just a little tight on budget but can make it happen if you self-manage and do your own furnishing and design.  

As others have said, the best thing your son can do is run far from this deal, buckle down, save his pennies (he probably already is doing this), house-hack, and improve a property with sweat, hard work, developing a DIY skillset, and self-managing tenants. 

They could self manage for several years, using the rental income, until the next phase of their retirement.If they have a decent amount of financial discipline, they may want to get a HELOC now before they build to get the most favorable rate.

*Self-manage your property for at least one year to maximize profits and ensure quality guest experiences.Hopefully, this helps in some way.