So the same investment that one investor thinks is great will look terrible to another and vice versa.I'm a conservative investor and so I require my real estate sponsors to have full real estate cycle experience (with little to no money lost) so they're not learning expensive lessons with my money during a downturn.

Curious though @Jonathan Greene , at what point in your property ownership cycle should one of your assets qualify to be evaluated/ranked like this?

As a moderator can you guide me:1) Is there a syndicate in BP which has gone through all the 4  real estate life cycle (recovery, expansion, hyper-supply, and recession) ?

This cushions potential value drops.Syndicator vetting: Only partner with syndicators who have a strong track record in different market conditions.Market and asset class knowledge: Understand market cycles and the specific real estate types (multifamily, industrial, etc.) you're investing in.Avoid chasing trends: Just because a market or asset is “hot” doesn’t mean it’s solid.You’re right that this approach doesn’t cap your upside, quality diversification can still generate huge returns while managing risk.Best regards,Drago

If there is a maturity in the midst of an adverse market cycle, the options for escape are pretty thin.

Here's how I do my due diligence:1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where I think we are in the real estate cycles (financial and physical market cycles)b) Then and only then do I pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.

Russell do you go for those high limits for a rainey day or use those funds to bridge your rehabs for pay cycle then pay them off so your not paying interest ? 

I believe your land is still a little too far out for the current cycle. 

I would not stay on the forty year payment cycle. 

Use the cash flow from those properties to buy your "forever home" or just keep the cycle going.