Saturday is popular, but some lunches and dinners as well.

I'll reach out and see when the next meet up is.Going for my NC real estate license in July as well so I'm hoping to connect with some folks in the area that could give me some guidance.

Preferred equity, though also exposed, offers less upside compared to common equity.Sadly, even if we were in different market times (not down 30% off the highs of 2021) and your particular project was doing well.

@Roman A Elizarov All great points, and very informative posts above as well to consider!

I reached out to people in my network such as friends and family as well as local agents that I knew from being an agent myself.

My intuition tells me that if they were rehabbing a property in poor condition, they surely must have known that water was leaking into the basement.

If you are ready (and it very well seems like you are), then its just a matter of figuring out what type of property you want to acquire and where. 

But moreover, not charging and application fee is more likely to get you people applying who, well, umm, know they would likely fail one but why not apply since it's free?

Thankfully I have friends and family that have done well, so I think I can pull out a sizeable fund $500K+) without going the syndication route, but I appreciate the comment.

The project was very well received by this small town and it is a fully operational 20-unit, lakefront, property in a wonderfully busy four-season destination.