I know each area of the country appreciates differently.

How many call Attempts you would do before you cross them out?

You need like a 30% cash infusion or cross equity from the same area

@Andrew SyriosThank you for the credit counseling idea that never crossed my mind.

It is possible that we may never pull a single dollar out, but just want to have it available just in case the exact property we're looking for crosses our path.   

Ross by the river is a Historic District, then as you move NW it's patchy, but as you cross 129 it's fine; lower income for sure though. 

In that case, at least both of you as agents would have crossed the "t's" and dotted the "i's".You'll have to make the call, and I'm not here to accuse anyone. 

It's a short amount of time, and Austin is one of the most competitive RE markets in the country.

And if the sponsor is experienced they should have a considerable past track record that you can look at to see how they typically underwrite deals and further mitigate this risk.One downside of individual deals is that they typically have a lot more risk because of owning just a single property versus a similar deal (that is diversified across multiple properties, often geographies, areas of the country, vintage years and sometimes even strategies and asset classes).

The property is in a foreign country (EU member) that does not seem to offer the kind of cost segregation studies that are common in the US.