Your track record is not sufficient enough to open meaningful financing doors yet.

I'm also building a house with Delta.

Have they started building yet? 

That's actually a meaningful silver lining.  

By trade and training, I’m a marketing, finance, and strategy guy, but at heart, I’m an entrepreneur who loves working with people and building meaningful connections.Real estate has been a part of my life for as long as I can remember, and now I’m diving in to carve my own path. 

But that extra $7200/year will go a long way in paying down your loan faster, build up another downpayment fund, pay off other debt, etc. 

If you choose to purchase from a turnkey provider or build your own team, don't be swayed into cheaper areas.  

Looking into my crystal ball - which I still keep in my closet from my previous life on Capitol Hill - neither of these risks have a realistic path to a meaningful economic effect.

2) For Fund 2 investors, would it be beneficial for Ashcroft to sell the buildings now so we can recoup some of our investment instead of the fund losing $580k/year, buying more rate caps, and having a capital call?

And my #1 issue is I don't see any actions to address this in a meaningful, market specific manner.