These are very risk gambles that should only be attempted with money you don't really care about.  

@Barre Gambling I am curious... in your opinion, is our area in central NC underserved outside of the Raleigh-Cary-Durham MSAs?

2024 v 2025 is a gamble.

I'm not saying you can't make a decent return on rentals - I and many others here have done great with it - but if you have a well-functioning, profitable business that you know, why would you gamble money into Memphis *******es, to put it bluntly? 

In a waterfall, the GP is incentivized to stay the course, gambling the LPs equity, because the GP only makes money above 7%. 

Quote from @V.G Jason: Quote from @Jay Hinrichs: The mindset of cash flow is everything and appreciation is just luck or gambling or whatever these folks say is one of the worst mindsets I see on BP.

Simple appreciation is a gamble because you have no control over it, so don't consider it.

Because they are gambling.11. 

Fannie and Freddie are the government sponsored enterprises- conventional loans are underwritten to their guidelines. 

My current credentials:Bachelors of science in Enterprise regulation For-profit, Non profit (Fancy way to say business law) Currently Pursuing my MBA in Finance, expected to graduate in May,2025 Appraiser Trainee License in NYCurrently Managing a small portfolio of properties (family).