So power those bad boys down without sacrificing your reserves. 

What I think is most revealing about the storyline is the power of the masses.

Set goals- financial freedom-  no goals, just for the fun of it- till you grow so big and your not an REI person, but now a company manager and that’s not what you want to do.- or until you decide it’s time to cash some out and buy something.

@Matthew Powers, this is referred to as your vacancy rate.

In other words, each series can have its separate rights, powers, duties for specific assets or liabilities and can have a separate business purpose.

Another part is local buying power.

You will need architectural and engineering plans for the builds.One of your other main points of diligence from the beginning is going to be how will you get water, power, sewer/septic, and potentially clearing of trees and other land issues to get to build these properties.

Prices for studio apartments (circa 80 sqm) go for about 200K in Malta and could generate about 20K cash flow per year.The reality is it is a good 2nd investment, however I would not be able to reach financial freedom with 20K per year and I would also not be able to scale up as bank would not lend more.Is someone able to offer some advice for someone who is in a situation like me?

You can buy a house hack to live in which is pretty easy and also powerful.

I do agree the board of directors has huge power within the community though and can affect how it is maintained.