Thank you both for your responses and for helping me reset my focus on more attainable properties.

Thanks for the response.

They typically create an LLC operating agreement to define roles, profit shares, and responsibilities.

Thanks for your response!

You should wait until you see 5 to refinance in my opinion and use your income, which must be good, to work on an investment property.Jonathan, thank you for the response.

I don't have personal experience with this kind of land trust but since you're in CO I have a personal recommendation of a real estate attorney here in CO who has helped me with seller finance deals and is very responsive and has been great to work with in general - Jeromy Geraghty - https://www.geraghtylawoffice.com/

Which means if they do in fact commit a fair housing violation, you could be held responsible along with the property manager for this violation!  

Even in areas without significant disaster risk, we're still seeing insurance costs rise due to broader industry pressures.The Long-Term ViewFor those of us deeply involved in multifamily syndications, it’s crucial to educate LPs and partners about these changes.

As real estate investors, i believe that we have a responsibility to objectively analyze policies or proposed policies that will impact the sector and the economy as a whole. 

That kind of balance is crucial, and it sounds like you've got a solid foundation for success.Looking forward to hearing more about your journey and exchanging ideas here on BiggerPockets.