Most of the funds you reference are, I believe equity only funds, which mean that investors are trading cash for an equity position along side the other investor/members in the fund.

You def want a reserve, so your actual savings account needs to be solid as well for those potential hiccups. 

Overall, for property owners that can weather the storm, Covid may be a short-term hiccup to real estate portfolios that will hold their value in the long term, while some great assets may come available at discounted prices.

If that ever has a downturn that will be quite the hiccup.

I am well versed in construction when it comes to masonry, which came from along side my father during summer.

I firmly believe my diverse skill set, education, and professional experience are ideal for taking on the unique challenges associated with working alongside real estate investors.

But I like actual CASH to loan .... a 70 or 80% LTV loan but with NO cash out of pocket for the borrower is  still a loan that is risky if there is a Hiccup.

Oh boy, we didn't get very far this past week because of a couple of distractions, and hiccups.- We got the insulation in.  

I did all the renovations and turned out great even after a few hiccups and came in on budget ($40k).

We're lucky to have a vacant lot alongside the house to load and store materials, makes life much easier.