Hi BrianI only have a little time so I will make it shortThe house has a second bathroom on the upper level...

I'm in the process right now of doing a cash out refinance so we can put 20% down on a new home (property B), that is a fixer upper.

2) Is it common, especially on smaller deals and smaller groups, to pay back all investor principal at reversion vs paying back as the 1st level of the waterfall?

That is the reason I do not have a picture yet is because I don't have any which I feel are professional enough, but I guess I will put one up anyways.I think a compromise of requiring a profile picture once you reach a certain level of involvement in the site would be a better policy.

At least with real estate you can make your money when you buy, and you have some level of control over the value of the investment (repairs/improvements, financing, redevelopment, etc).

Agree with Brian and Chris comments that gold is at quite high level and I would invest in destressed assets over overhyped ones any day.But taking a step back, you mentioned you used up most of your cash and only work parttime If I was in this situation I would sell the gold and put the cash in bank account because I want to have some reserves in case something happens.Just my 2c

However there seems to be a level of disconnection between different the different sectors of RE...

At the state level, if the state law governing the LLC is the same as the state law governing the corporation, then you may be correct that there are no legal differences at the state level.However, you should also note that the S-corp does issue stock.

Eventually once the REO inventory is down to a more manageable level, the prices will have to revert back to the true cost of building.

Yes, I understand not wanting to be in a warzone regardless of the return... but given the same risk level, the same ability to appreciate... why would you accept 1.2% (for example) returns at home when some place like Podunk Nebraska had deals projecting 2.5% (for example)?