Investing with personal funds creates a taxable event when you liquidate the asset.

@Jason PortoI never stop saving but I would invest that money into something that is liquid.

Instead, the commission is passed along to the investor in the form of increased equity.Most of the time, the REIT has liquidity as an option.

., cost segregation studies), carrying forward 2024 losses, and accelerating deductible expenses to reduce taxable income.Shift to Passive Investments: If management has become burdensome, hire a property manager or transition equity into more passive assets like turnkey properties, syndications, or REITs to reduce workload while maintaining income potential.Expand or Reinvest: Use your equity to acquire new cash flow-positive properties in markets with strong fundamentals, focusing on diversification and long-term stability.By refinancing, selling underperformers, or paying down debt, you can improve liquidity and cash flow.

However, if the collateral is real estate and you need to seek the forced liquidation of the collateral (foreclose) you'd better understand and plan for all the issues that rehabbers deal with after getting possession.If you own a note in junior position such as a second, you have the further expense and exposure of monitoring the senior mortgage and factoring in the potential cost of advancing funds to keep it from foreclosing you out.This thread is about training.

Cons are the liquidity event that your parents will have to do to purchase the home (I assume the funds are in some sort of investment today so there's likely some tax ramifications on cashing those securities).

And a very small percentage of these will have to be liquidated at a loss.  

With plan to liquidate around yr 5-7, 1031 those gains to pyramid the equity growth. 

And Exchange systems would add so much liquidity and fluidity to the note market which is what I would love to see a Blockchain based exchange note market. 

But at the end of the day, well located properties in which the owner has ample liquidity to ride out long-term cash flow negative periods, rarely lose money.