The biggest issue is cost.

On the downside, if you sell, you might face depreciation recapture, which would be taxed at a higher rate.Have you done tax impact analysis on both of these cases?

@Kale Mullikin Placing too great of an emphasis on completing the BRRRR strategy is one of the biggest mistakes new investors make.

Figure out where your strengths lie and focus on that.After doing this for two decades, the biggest takeaway is to stay consistent, build relationships, and always be prepared to pivot.

The biggest lesson I learned is that there is nor time like the present.

(I’m sure it’s very similar to BP too, but I don’t know for sure.)LIVE, weekly Zooms, trainings and calls, across all the different groups/avatarsZooms about all sorts of helpful things:Estate Planning (Trusts) and other entitiesAcquisitions, UnderwritingAgent Outreach, FlippingPersonal Development (finding your avatar = what you’re really good at and what excites you)Creative Financing Strategies, Handling Objections, Disposition (Dispo), Exit Strategies, Seller Calls, Land Deals, Rentals,Multi-Family, Pre-Foreclosure, Raising Private CapitalI COULD GO ON AND ON – there are literally thousands of videos and saved Zooms in the VaultThis was and still is, the biggest surprise to me.

This gives much better diversification protection across geographies, asset types, strategies, investment subclasses etc. versus putting all the eggs into one basket.The downside is that it's not for everyone, and a person has to be comfortable with turning over control to someone else.

You an use this if you are either looking to invest passively, or, if you are raising capital, refer back to it, and focus on these three pillars:The biggest mistake I see passive investors make is they focus on the deal, what's my return, when in reality, that is the last pillar they need to focus on.

What are the downsides or risks that I would be taking by doing this?  

All setup for kids away from the adults.It is one of our biggest draws.