But, you may be different.Then, negotiate for either a straight payment for finding the property or, if you're looking for experience, an equity piece of the property and exposure to the purchase and repositioning process.

They have options under 400k near the beach which is a good entry point for most investors to get exposure in a new marketplace. 

Which are the best conferences to attend if I am looking for exposure to various operators (in need of capital)?

Hi @Greg Kristy,I'm a big believer that maximum exposure gets the highest price.

If you are in a 10 or 20-year commercial or industrial lease with different expense exposure, that is a different situation.

Or you can also further mitigate exposure buy making sure that all proceeds go into the first mortgage so you don't walk away with any funds at all. 

If you invest this money in the stock or bond market and rates increase to this level, you will get pummeled.A contingency plan would be to make sure you purchase a cash flowing property and if interest rate increases outpace rent increases, put your excess cash flow towards debt repayment during the fixed period to reduce your exposure (within prepayment penalty limits).Regarding non-bank financing, I believe that starts at $1 million and up from there but not certain.

With traditional tenants and a duplex, you must learn a lot very quickly, you have legal exposure, must be on point when they ask you for repairs, and living next door to them, with no prior experience managing tenants, is going to be stressful at times, even with a property manager. 

Can be good or bad depending upon your cash and tax positions.Last comment:  My only exposure to mountain cabins is a friend of mine who owns a two bed, two bath, ski-in/ski-out in Breckenridge, Colorado.  

I definitely recommend house hacking as @David D'Errico said, great way to start and limit your risk exposure.