I have a feeling this is designed to maximize retention of now dislocated persons. 

After being in the corporate sales world for about 10 years, I realized that I do not want to return.

I realize I don't have the actual NOI, but that price sounds super high for the gross income you're stating in your narrative.

Personally I would not.

Now the paper losses are still able to be realized via the holding companies while the management fees are earned tax free?

Hey @Mordechai Chaimovitz - It sounds like you are talking about Chicago's NW side because there are definitely tons of areas in Chicago where a 2 flat can cashflow well.I know for me buying on the nw side was critical to my personal well-being and life happiness. 

Not talking about you personally.

I've been on this platform for many years and, over the years, I've seen new members linked or part to Mexican real estate agencies posting educational content about investing in Mexico out of the blue shortly after becoming new members and then disappear as they realized that their efforts wasn't giving them the amount of business they were hoping for.

I know this is a differing topic on the forums, and online in general, but having the legal background/education and knowing estate planning concepts you'll realize it shouldn't be.  

I just re-read and realized you're talking about getting loans for lien position 2, is that correct?