Edit: The fundamental goal is to better separate the business from my personal life. 

However if this is purely investment (is no plans to move in after some time), you need to objectively do the math on your expected return given what you think price appreciation will be over the life of your ownership ( @Leo Kotschenreuther makes an excellent point) , weighting the risk of a downturn and your ability to continue to fund this investment, and compare that to using your 500k +2k/month to fund any other investment (Amazon stock, bonds, passive investment in a syndicated deal elsewhere.... ) We are holding our San Jose MF, but I've stopped looking for my next deal in silicon valley... property here is all priced for perfection (ultra low cap rates, neg cash flow, smells like 06-07!)

Hello everyone,I’m a young professional who has been renting most of my life.

Vega Sanchez Like all things in life, having cash makes the path easier. 

I've acquired BP's Pro membership and it is life-changing. 

Performing Note - a note that has had consistent payments over the life of the loan and typically trades at 90-100 of the unpaid balanceNonperforming Note - a note that is delinquent and trades in a much wider % of UPB depending on many factors.

@Kim Phillips I'm an investor-friendly Realtor that has never owned a property in my life. 

Donald Cressey is The Fraud Triangle: 1- A perceived unshareable financial need. 2- Perceived opportunity. 3- Rationalization.Financial pressures change in life, medical care for aging parents, a family member becomes ill, college costs, mid-life crisis, substance addictions and gambling, jealousy/feeling "owed" or wronged, social pressures to "get ahead"...The biggest losses are always where there are no checks & balances, no separation of duties, no policies and procedures in place. 

Learn more about our review process.Buying a home is likely the most expensive purchase you will ever make in your life.

There is no general rule as to how many sponsors are good and bad, mostly because investing (life in general) isn't that black and white.Just like @Aaron K. said, make sure you know what to look for and the questions to ask so you can determine if someone is the real deal or not.