That could be no garage (when all the other homes on the street have one), backing up to or on a busy main street, bordering or in ear shot of active railroad tracks, in airport flight paths, or where the subject property sits next to or across from a trashed house.

Yes, the LPs are putting capital at risk, but GPs are putting their time at risk, and time cannot be repurchased.But as noted above, you are referring to the waterfall, which outlines exactly how the money will flow from the deal, and they can be structured in infinite ways.  

Having money tied up or subject to penalty/restrictions if moved around is not worth any minimal gain it might see in the short term (for my purposes).

Among other effects, this has led to an increase in RE investors in some markets looking to rent from landlords and then sub-lease through Airbnb, VRBO, etc.What are your thoughts/comments on the subject?

Among other effects, this has led to an increase in RE investors in some markets looking to rent from landlords and then sub-lease through Airbnb, VRBO, etc.What are your thoughts/comments on the subject?

Flips are ordinary income tax subject to self employment taxes. 

Knows wholesaling, subject-to and other creative structuring very well.

Hi Eric,So you dont have cash, you are not qualified to get regular loan, so most hard money lenders will ask you to put some money down, so it is not an option either really.You should try wholesaling or try to get subject to deals

But there are hundreds of books out there on the subject. 

On the smoking subject, I was thinking weed more than cigarettes.