Hi William,It sounds like you've built an impressive portfolio over the last seven years, and congratulations on the substantial increase in your rent roll.

Hello everyone,I'm new to real estate investing, but thanks to my logistics business, I have a substantial amount of capital to start with.

You will already be saving substantial closing costs with a private deal.

.- Partner with an experienced syndicator or investor who is interested in taking down parking deals for long term holds. 

Such a scenario doesn't just bring values down by 30% but also places substantial pressure on property holders, especially when debt refinancing looms on the horizon, compelling action at these reduced market values.Here is the double whammy that increases the cash in refinance needed, the capital markets (bank lending) terrain has tightened greatly.

The partnership or business arrangement puts each of you in substantial risk, both legally and economically.

- Should I consider purchasing in the Midwest, where I might find more affordable properties and either pay cash or make a substantial down payment to get started sooner?

While substantial financial benefits are available, it's essential to meet IRS criteria, keep meticulous records understand depreciation, and stay informed about local regulations.When considering a Cost Segregation study, here are a few things to consider:https://www.biggerpockets.com/forums/51/topics/1206189-cost-...

I am out of the country but when I get back next week, I will reviewing all of my doc's and  I am hoping the two properties are separate and if I let Colusa go to auction or just foreclose on it, I will be able to keep my Texas property as it brings me a substantial cash flow every month.  

You'll get a few advantages from higher loan amount (qualifying rental income)  to substantially more income (multiple units).