@Carol Burns - my favorite investment book is The Most Important Thing by Howard Marks.

Meaning if you default they liquidate the asset.

I have roughly $161k in equity and more in liquid assets.

In my many years of property management and personal investing, the clients who typically chase cash flow, will often have properties that do not appreciate all that well, and those properties tend to be less liquid. 

Before you start looking at tk...For those who are able to save more than $30k a year or have substantial liquidity (over 200k), being a landlord of even TK with a PM is not passive. 

Purchase price: $25,200,000 Cash invested: $9,975,000 Rise at the Lofts550 E Earll Dr Phoenix, Arizona 85012Formerly Known As Plaza 550Units 92Acquisition Date 28-Jan-2022Purchase Price $25.2MInvested Capital $9.975MLoan 3+1+1 Non-Recourse Debt FundDeal Structure 506(B) SyndicationUnit Mix 92 1BProjected Hold 2-5 Years

I represented myself for the purchase (who I highly recommend 🙃) and worked with one of my favorite conventional lenders, Jayne Bick with Homebridge.

I'm at the point of doing 2-3 flips a month and its a lot of liquid capital in all of these deals, I'd like to leverage myself a little more.

You've made it 50 years + on this earth without pulling a Wile E.

Then I emailed financial advisor Rob on how to get the closing funds in a liquid account.734/10/2021744/11/2021754/12/20214:45 PM5:00 PMReached out to Peter @ Mogul to start process for setting up property management, ran a Rent-o-Meter for Oleatha to get its take on rents nearby764/13/20217:05 PM7:20 PMPeter is going to send me a contract for PM on 5/3, reviewed his team of contacts to determine if I should reach out to any of them and then got overwhelmed by the three types of lawyers... prepared questions for tomorrow's MeetUp, some about lawyers...774/14/20217:00 PM8:45 PMAttended the Apr StL Real Estate Investor Meetup784/15/20217:05 PM7:20 PMEmailed Jacob at Flat Branch to ask if getting a new credit card for real estate would impact my loan approval at this time.