Of course, that also eats up time between tenants where you not only aren’t earning cash flow but are in the hole.

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

Heck, I even find joy in it when a squirrel eats a hole through the kitchen ceiling, the fire alarm blasts for no reason, and the tenant's kid secretly turns off the "do not turn off" switch to the heater, necessitating an emergency call to the electrician.Three years after retiring from freelance writing, I'm looking for my next act.

It’s important to know “how” sponsors are managing and getting out of some of the holes they dug themselves in and people thinking all is good because of no capital call may be in a worse position

If anyone on here has had success in these deals, please help me understand how these deals are feasible without digging yourself in a temporary hole. 

If in the countryside we do a post hole about 2 foot deep.

Please take a minute and shoot some holes in this plan, if there are any.

At one point I noticed a fist sized hole in the wall at about ankle height.

Feel free to constructively poke holes in anything I may not be thinking of.

I don't know if you've ever used a game room in a garage in Davenport/Four Corners in the summer but it is an excruciating hell hole without AC.