Closing the border (aka: upholding the laws of our country) would have a more significant impact on the housing market than stopping vacation rentals.

On the other hand, a 24-year history with an 18% net IRR that includes some losses may indicate a more seasoned sponsor who has navigated multiple market cycles and learned valuable lessons along the way.Regarding internally managed operations, like property management (PM) and construction management, scale plays a crucial role.

I would rather play with the house money and build capital for a more expensive multifamily property that would cash flow.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

Hi Josh,80% is available, but the rate will be significantly higher than it would be at a more standard 75%.

I didn't realize that I would need to go down to the branch in person to wire money when it was a more substantial amount.

When I sell out of my frothy market and buy large apt bldgs in a more affordable market I will have a PM for sure.    

If your LP interests are in your LLC, then they would have a more difficult time going after them. 

This due diligence will empower you to make a more informed decision about your investment.Best,Jackson

Now it is a more normal market or even a bit depressed as we are arguably in recession.