Learn as much as you can about Passive RE investing (strategies, funding, risks etc.) and apply your knowledge - Don't be book smart!!!

Utilize direct proforma analysis to determine the most beneficial Internal Rate of Return between each scenario, and including owner risk tolerance, make final business plan decision.6.

Is a Builder's Risk, vacant dwelling all I "need"?

The VA also has a one-time close construction loan SF only, this is a beautiful tool if you find a lot that needs a house, the builder takes all the risk and you just sign papers and get a key- if done correctly it would be a home run- I see on Zillow today a three lot sub for $183K in Chula Vista if you have other VA friends you might get a great deal from a builder.

On the other hand I do not want to be at risk for going upside down should local/national market conditions take a drastic turn.

What are the risk of having a Series LLC?

For example, it might be a tear down where some investors do not want to take the risk of taking up their money for extended periods of time.

What’s your risk tolerance?

This clearly highlights risks in class A and accurately talks about pricing and salaries that need to catch up on new construction, not supply / demand for MF in general. 

However, if I want to purchase an investment property in the next 1-2 years, the risk level is very high.