I have a bunch of emails going back and forth with them telling me no only for them to approve it less than a year later.

This approach would allow me to learn with each deal and minimize initial risks.2️⃣ Go Straight to Multifamily: Instead of starting with SFHs, I could spend time learning the multifamily business and go directly for a 20+ unit building, maximizing scalability from the start.I have no experience with either strategy.If you were in my position, which strategy would you choose and why?

Investing in a fund like PPR has no UBIT implications unless the IRA is an LP in a syndication but I don’t think that’s what PPR does. 

We have an A+ Rating with no complaints. 

If all is good, there should be no problem with that, right. 

However, I did take issue with the tone of the message, especially the part where they told me how they’d be paying rent.For context, there are no outstanding maintenance or repair issues, so I’m unsure what the tenant is referring to. 

I see it as no different from borrowing from a bank.

I mean no one likes their PMs, but the cheap ones even less so. 

By no means cheap but solid rent + demand, fun place to live, decent inventory (relatively speaking), and is still commutable to the city. 

There’s no specific law mandating general liability insurance, but it’s a smart move to have it.