Understanding the preferences of the Hamptons luxury market is essential.

Loan officers with 25 years of experience typically are more experienced, and have less time per file, because they have an abundance of files.Loan officers with 25 months of experience typically are less experienced, but have more time to devote to you.I can't write my own loans, so when I'm getting a loan I prefer working with less busy people when I'm doing my own real estate investment, they're more responsive and dedicated it feels like.

Since the distributions are from a preferred return they are not guaranteed payments. 

I am aware of companies like Pad Split, but would prefer to have a more traditional company overseeing the day to day since I am out of state the majority of the year.

So it's just personal preference and budget for a host.

Accountant – Preferably a CPA. 

We talked about an aggressive paydown at a rate of $5k for the next 6 months to make the deal sweeter for the next person, but renting it would be preferable to that I believe since I can get a higher return on smaller development projects at a burn rate like that. 

Something a couple of my beginner investors like to do is live in the property for a year or two then move into the next one and rent out the first one.Most important thing you can do is research the different niches within real estate investing and decide what fits best for you.

In this room, I would have preferred to rip out the existing paneling, and do the electric and new drywall at the same time.

I do have a couple of properties, which are more cash-flow-heavy.