If discussing with someone in a forum and you all take it to private messages, that's a different story.

(C) As used in this Lease, “Premises” means that certain private dwelling residence situated in ________________________________________ County, Minnesota and having an address of ____________________________________________________________________________________.

New York is hard to evict people and you'll end up spending more time and money doing it yourself.

. $40-$50k out of pocket, HELOC or private money loan for the remaining $20-$30k 

So you're willing to pay $30,000 for their furniture when you could spend $5,000 on your own?

I'm completely lost at why people would spend money on class and workshop, when they can actually use that money and go find deals a bit outside of the expensive city we're in. $8,000 could got you started on a deal, or do a mailing list of some kind.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

I already know that I can BRRRR a property (or something similar) and it'll yield a better return but I'm not interested in spending the time.

Short term it is difficult to make the numbers work, the cost of new construction and the time it takes to zone-plan-build are usually the main reasons why private investors stay clear.

Post insolvency, the framework allows an assessment to all private insurers operating in the state to cover the difference which will subsequently pass the costs along to policy holders.