Besides BAKERSFIELD is a very conservative city and they hate, a big word I know, outside investors.  

That being said, when they launch their next fund, they are strongly considering a 506(c) offering.https://lastmileinvestments.com/While this is not a list of people I have invested with, I will say a lot of 506(b) operators hide in plain site:- Podcast hosts and guests (talking about what they have done past tense, not current offerings)- The gurus often also syndicate deals- Rise48, per their website, has primarily (if not exclusively) 506(b) offeringsThe thing is, depending on how conservative the compliance attorney is, you can have 506(b) operators advertising like there is no tomorrow.  

Hello Daniel, For someone new who is looking to begin their real estate investing journey the best and most conservative option is to start with a house hack strategy.

G’dayHow do you track your expenses and find a balance between being a spendthrift and being too conservative?

Everyone says they use conservative projections, but so many are paying distributions right now, so they weren't conservative enough on their pitches or underwriting the last couple years. 

. - Giving first time homebuyers $25,000 absolutely contributes to housing price inflationGetting some conservatives running for office to change their mind on the first point ain't gonna happen.

I have been offered to invest as LP in multifamily apartment deal.Underwriting is supposedly conservative and based on current cap rate (4.5%) and interest rate (7%) so if interest rates go down (which may as Fed has already started cutting rates), returns can be better than the projected ones as can have more buyers for Class A property in few years with lower mortgage rates.

In all fairness though we are conservative and I personally go visit the market ( at my expense) and the individual we are going to work with before I start the program..

I recommend 3-12 months of expenses, but other investors will tell you that's too conservative, and others will have more. 2.

A main thing that everyone should always do during their inspection period on a property is connect with at least 2-3 different property managers so they can get a better rent range/run numbers more other than listening to an agent that might not be as conservative in their numbers on projected rents.