It is difficult (though not impossible) to make condos pencil out for a positive ROI is tough (but not impossible). 

There is almost no scenario where a condo would ever positive cash flow while servicing debt, and very little positive cash flow with no debt.If your budget only allows for a condo, find a better place to put your money to work.   

Partial notes are just a partial note in the loan's yield (not the loan itself) and in most cases, a second position on the loan (both upside and downside) by contract terms with Aloha. 

Breaking news: events in and out of our control will affect real estate both positively and negatively.

If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.

Building a trusted team is key, so starting that process as you actively search for your market will put you in a strong position moving forward.

Quote from @Chris Seveney: Quote from @Robert Adams: As we move into February, the Las Vegas real estate market is showing positive signs of recovery after the holidays and the conclusion of the presidential election cycle.

@Chris CoreYou're in a strong financial position, but since house hacking isn’t lowering your expenses in your market, it's time to pivot.

And presumably if you're on Bigger Pockets and talking financial stuff, you'll hopefully be in a position to pass wealth onto your kids. 

Beyond listing on major platforms and emphasizing market fundamentals, what strategies have worked for you in positioning a development for an institutional sale?