There are times when we see deals on the table that won't produce any cashflow or not enough cashflow to meet our target hurdle rate but the tax benefits or appreciation potential may make the deal attractive. 

Also, now ADUs are prohibited from being used as STRs, so it worked out well to target MTR. 

My target for the first fund would be $5-10 million and I have a few HNW investors in my network but certainly not enough.

Hey @Nick Gallon Martin, I recommend speaking to a Tax Planner/CPA, @Jeff Nash would be a great resource for you.

I have nothing to sell and would be happy to help if you think that I can be a resource.

It's essential for me to acquire these skills as I navigate potential roles in the real estate industry.If you have any insights, recommendations, or perhaps know of specific training programs or resources for learning Yardi, I would greatly appreciate your guidance.

Feel free to DM if you have any questions or would like some resources on the topic. 

Do you have any books or resources out there that he can dive into to help him hopefully avoids some of the common pitfalls?

Happy to help if you need a resource!

The new people don't know and they are the business target.