@Sean HaranInvesting in real estate can be a rewarding journey, especially when researching cities like Detroit and Tampa.

I want to know that first and foremost, and then we can have a conversation about what the right call is to make with respect to the underlying investment because I will trust the decision making of a GP with years of substantited experience and a few losses on the board over  th the novice who purports to have a perfect track record. nahhhh .... experienced GP Fund got hammered too because in their 15 holdings or so they use bridge loan and floating. there's almost no such thing as good and bad as it's 90% losing money in there when they are not using fixed debt. it's just simple math. the only way real estate could have better risk/reward is to have long term 10 years or so financing with fixed rate.

Some of our assets we are okay with poor returns.As we started looking at net worth the key benefit for us was looking at our Risk/reward by asset types.For comfort we wanted x years of cash equivalents available.  

It should be hard and rare, because there is consequences to a life of limited financial performance just as there rightly should be benefits and rewards to the decisions that build a life of financial plenty. 

Is the 10% pref and 50/50 split fair given the risk and potential reward?

Real Estate can be tricky to navigate but when you do it's one of the most fulfilling and rewarding Industries to work in. 

I read that CC cashbacks/rewards are not taxable, but should reduce the expenses allowed for deduction.

I want to put in place some incentives for new tenants and want to know if anyone on BiggerPockets has done something similar.Here are a few ideas I have had:First Month Free: Sign a 13-month lease and get your first month freePets: No pet fee for the first 6 months, year, etcRent Discounts: Offer a discounted rent for the first month or two fortenants who sign a pre-lease agreement before a certain date.Waived Fees: Waive application fees, administrative fees, or securitydeposit for tenants who pre-lease.Free Utilities: Offer to cover utilities such as water, electricity,or internet for a certain period for tenants who sign a pre-lease.Upgrade Packages: Provide upgrades or amenities such as free parking,access to a fitness center, or a smart home package for those whopre-lease.Gift Cards or Vouchers: Offer gift cards or vouchers to localbusinesses such as restaurants, cafes, or grocery stores as a signingbonus.Flexible Lease Terms: Offer flexible lease terms, such as shorterlease lengths or the option to renew at the same rate, to incentivizetenants to pre-lease.Refer-a-Friend Program: Encourage current tenants to refer friends orfamily by offering them a reward if their referral signs a pre-leaseagreement.Early Move-In: Allow tenants who pre-lease to move in a few days earlyat no additional cost.Guaranteed Parking: If parking is limited, offer guaranteed parkingspots for tenants who sign a pre-lease agreement.

It's a thrilling and rewarding world, but it can also be overwhelming for newcomers.

@Kerry Baird what about heloc for downpayment on a higher budget (higher reward) project funded by HM?