Make sure you have enough profit for various items that can materialize. 

We believe that either of these actions would materially increase the risk of unnecessary loss or otherwise avoidable problems for the vast majority of our investors who have not requested to redeem and intend to stay invested for the long term.We recognize that the current coronavirus pandemic is evolving every day and therefore the situation may change rapidly.

I live in NYC and have been looking for alternative markets to invest in.

Every area is different, site conditions will bury, local access to the materials and delivery or make a difference.

An alternative strategy would be to borrow from your plan for the down payment (subject to the limits) and then you would obtain financing and own the property.

There are some alternatives though.

The alternative way a person can be categorized as accredited is if they have a net worth of $1million or more (excluding the value of their primary residence). 

This means your $100k market value purchased for $40,000 (which would be pretty reasonably reduced by $49,500 if you had only the committee in the room) will be rebutted to include the $35,000 of materials/labor you put into the property for a probable final value of $75,000. 4) Consider an attorney, I have retained a trusted attorney for my appeals.

And is there any other alternative available?

I cant count how many times ive had to clean it up or replace materials.