Hey Russel,Admittedly, I do not know BAM; I am curious about what is driving your interest in/decision to invest whether its a preferred return or more back end equity, or just tax advantages.The market has definitely put some operators' projects in distress, and it is very unfortunate, but the flip side is that other operators are able to use stabilized financing to acquire these distressed assets.Our operator partners are seeing an almost 20% discount as they are acquiring assets today.

As a financial advisor and professor of finance, I want to provide a more detailed analysis of the use of whole life insurance as a funding source for real estate investments:High Fees: Whole life insurance policies often have upfront commissions that can be as high as the first year's premium, and ongoing management fees.

To level up you could add mini golf or the good old pickleball that is taking the STR space by storm right now!  

I would like to have like a mini bar.

But as a disclaimer, I have been let down by a contractor who was recommended so it is not the end all be all if someone is recommended, but it's a start.The problem is, to get the network up and running and continually doing business: That is finding projects, analyzing projects, offering on projects, securing financing for projects, fixing projects, selling projects. 

I sat in on investor Due Diligence meetings with the heads of all departments, learning how leasing was done, property management, bank financing, corporate finance and budgeting, etc. 

Owners give have given us first right to purchase their properties as we have proven ourselves, opening the door for seller financing and creative deals.

With many financing with as little as 10% down, the tax savings can exceed the 'cost' of acquisition. 

I can tell you that if the properties are deemed condotels, then one pitfall would be financing.

If it went any higher the argument for renting would become even stronger.The opportunity cost of tying up all that cash, time & energy is almost never worth it.One of the only times it makes since to finance your primary residence is when you know you are buying a property substantially under market, and reselling it.