None of us are as smart as we think we are when an investment goes right.Lastly, I'll borrow a thought from Morgan Housel - don't seek the investments with the best returns; seek the investments that will allow me to make an average return for the longest period of time.

Smart investors first focus on finding quality properties—such as those in thriving areas of Brooklyn or potential neighborhoods around Manhattan—and then reverse engineer the process by improving management, optimizing rental structures, or enhancing facilities to make it worthwhile.

Just make sure to research your local rental market and get comfortable estimating rehab costs.It’s a smart plan, and you’re off to a great start.

Look to other members suggestions and, definitely interview your Realtor choices before going headlong into an agreement.

This can be very expensive and is usually the worst choice because you can't justify the cost.2.

Much better chance of posting in classifieds here - if Facebook the group that taught you that it's smart to get this type of funding may have people as well. 

So if the LP's have enough cash they simply pay the loan off and own it free and clear.. but the size of the deals are so large raising cash to pay off debt simply is not realistic at all so if the property goes into default your junior position investors find themselves wiped out.Further more thats why a debt fund like Chris has can be a good choice for the very conservative investor..

I even have a cousin who is homeless - by choice (?!??).

I'm still waiting for luck;-) Actually, when I work Hard/Smart luck does appear;-)

If you added in the cash you should have to protect against contingencies, the actual return goes down (or the risk sykrockets, your choice)- If the $300K properties cashflow, definitely a better bet.