.), it's not ideal.

There are more passive ways to invest in real estate than "turn-key" real estate and achieve those types of returns, but you will need vet the operators and get educated before jumping in.

Of course unless your buying defaulted notes at the get go then again as Chris mentioned this type of fee should be handled up front.. and if it new origination your making and then they go bad.. in your foreclosures you can charge the borrower these fee's when they cure or add it to you opening bid and when someone buys it at the court house you get repaid..

Would it be buying more of the same type of properties or expanding into larger properties?

I’m a long term rental guy, so make less than an Airbnb type operation on cash-flow .  

I had large payments on my personal loans due and extra money going out to finish the project, not ideal.

Another option is investing in real estate through partnerships or fractional ownership, focusing on properties that yield cash flow or appreciation potential.For long-term growth, consider diversifying into assets such as private equity, tax liens, or even certain types of real estate that offer both capital appreciation and income potential over time.

I've asked my clients a similar question and have developed tools for them to minimize this, but I find there are a few different types of clients.Manager managed - these folks have no issues as they simply upload their year end statement from their property manager, their 1098 mortgage statement and any other one-off expenses they may have paid for outside of the management company. 

Is that just the type of messaging?

The only thing I'd add is to do an 18 months lease or so, so that when the next lease is up you'll be in the warmer months.Is it ideal to have a lease end in NJ around June?