If you're free Feb 6th, I hope that you might be able to make it to our event: https://www.biggerpockets.com/forums/521/topics/1224992-brew...Luke Nelsen will be discussing how he went from owning a duplex to owning 2 motels over the course of 4yrs.

Hope everyone has a great and successful 2025.  

It's much better to be able to do your own screening as oposed to hoping the seller did their homework :-) If the property is clean and the rent is fair, it should rent out quickly.

With hopes to build two additional cabins in the future.

Those who blow it off eventually lose eligibility.To ignore the correlations is nonsense.

I can see the OP giving this a shot.. but it is risky he could end up making a few bucks and getting experience might just break even or he could take a loss.. that margin is very thin in markets that are not selling as soon as you get CO  thats been one reason we have been profitable very few homes have been carried past CO so financing cost are at a minimum.. you hold a spec home 6 months past Co and every month your losing money you will not recover.

I'm hopeful I'll be able to get my apartment back and not make the same mistakes again. 

That's one of the fastest ways to lose money. 

I’d love to hear about your goals and what you’re hoping to achieve here.

That fund offering 15-20% is now close to insolvency and investors most likley will not get those returns but lose most of their investment as well.