Then we'll do a non-recourse loan with it.How difficult was the process to purchase using your Roth?

The difficult part is our buying criteria has to be no more than 78% of the ARV (This includes purchase plus rehab) and also needs to be within spitting distance of the 1% rule.

Then you can sell the partnership to whoever wants it.I think it would be very difficult to find any contractors wishing to invest their time to maybe get a piece of something, if it ever is completed. 

Fanniemae was extremely difficult with transfer requiring changes to my LLC docs.

The owner was a real estate agent, so negotiating was difficult.

The owner was a real estate agent, so negotiating was difficult.

By not getting out of the STR side, I have another year of ratings on both AirBnb and VRBO, a number of guests who were pleased with the opportunity to stay in Florida during the difficult year (many couldn't go to their home states because someone back home was ill, so they stayed longer with me). 

I would not personally compare it to the stock market because (among many other reasons) it is difficult to get to know the CEOs or the companies that you are investing in the stock market.

But at the same time, making sense of BRRRing in the Phoenix market is quite difficult to make sense of syndicating and giving a out a pref.What I don't want to do is to start investing in other markets.

In terms of the first property I’m thinking a duplex or triplex potentially a 4-plex but that would be a little more difficult.