On the surface, it’s a game-changer.

I wanted to get back in the game again but don’t have much in reserves that most if not all HML require.

What’s your game plan for managing the park — hands-on or hiring a property manager?  

I’m not in the game yet, but I’ve been diving into this to prepare for my first multi-family deal.

So I require skin in the game (average is 5% to 15%) to offset this.

This isn't analyzing deals, this is just playing a video game.

Ask around here on BP and passive pockets for opinionsYes they put ads on Facebook because it can work - we see ads for very high returns on Facebook and people fall in love with the number - please note you are not the first or last to go through this.

The losses would have spiraled out of control for me had I not been able to sell my second house immediately.I don't look back on my experience with any regrets since I know the risks we take playing this game. 

Then connect with some hard money lenders (you can find some here on BP as well as some who are typing this right now) and connect with them to understand their product type, what they like to lend on and requirements.Hard money broker is all numbers game of making relationships and helping those that are looking for financing, it starts out slow but if you get with a few good borrowers and lenders it can be pretty decent money to be made.As an example we paid six figures last year to HM brokers. 

I was trying to get started, had all the information but needed to pull the trigger to get in the game.