@John Corey Does it adjust your perspective the fact that the remaining 60% of the condo units are owner occupied?

It's super helpful to get perspective and there are a variety of ways to be successful.

We always appreciate other perspectives and would love to hear how your method works for you!

@Todd Rasmussen Hi Todd, thank you so much for the advice, your reply provided a lot of perspective to the situation. 

Need some perspective on insurance coverage as I'm unsure of the advice I'm getting from my insurance agent and lawyer.We currently have 4 properties in their own respective LLC rolling up to a parent LLC. 

I've been receiving quite a few messages about real estate and how I got started, so I thought it would benefit everyone with a separate thread.  Of course, this is just what we go by, and is not considered any legal ...

And if in my circle of friends and family there are so many that have done this, this far exceeds the 3% you state in your post.I think it is all a matter of perspective.

@Justin Smits Thanks for the perspective. 

This leaves bridge as a more viable option than perhaps CMBS or recourse bank debt.As to the take-out risk:  Sponsors (and their investors) should be evaluating how much "lift" the value-add improvements bring, both from a cash flow perspective and from a valuation perspective. 

I know it’s probably the only thing that makes sense from a tenant billing perspective.