I am not sure if an attorney review will help with this, specific, basic level of knowledge.Just like an attorney likely won't call out, from a legal perspective, that you are investing with a sponsor who is 23 yrs old and been a residential loan underwriter for 8 months before trying to piece together a syndication.  

But that fresh start was excatly what he needed to rethink his approach.Have you considered looking into markets outside of San Francisco?

Sometimes a fresh perspective and the right contacts can turn things around.Don't let the traditional lending approach get you down.

In my opinion, having bird dogs is a MAJOR advantage to an investor.Alex, I was looking at it from a wholesalers perspective.

We work with many new investors fresh out of college on the brokerage side but also coach and mentor new and aspiring investors learn by doing. 

From helping a widowed mother get a fresh start for her and her kids, to the MILLIONS of dollars in assistance we acquired for residents to stay current during covid...

I have a property in Kansas City that has been freshly renovated.

I can offer a unique perspective.

Also, having the perspective and looking back at rent growth and appreciation from your own personal experience rather than reading about it makes you realize this is not as crazy as you thought it is.You have to grow your portfolio wide (units), before you grow it deep (equity).

You are a typical internet anonymous troll who pops in and out and sauces the forums with their perspective and looks outward and not inward.