@Michael Peralta I would not advise you to invest your cash if one deal will impact you that much.

May seem trivial but I'm noticing that little things can make a big impact on day to day operations, especially for repetitive tasks.

Also interesting in this question, I wonder if anyone here has done any research on this program...How long has it been around, how reputibale it is, and mainly what are the impacts.

How the bill impacts an investor is really a function of their goals.

I'm very risk adverse and feel more confident in my first purchase given it's flexibility. 

In addition, his principal paydown is about $1200/month, so his net impact to his net worth is $300/month before factoring in tax deductions or appreciation. 

If you are risk adverse real estate, (especially out of state) is not for you.

There have been a couple studies on the impact of IPOs and the results don't suggest a 50% or 100% increase.

Seems like we will have flexibility in terms of the operating agreement and structuring the economics.From what I understand, a few key considerations will be (i) where to incorporate, (ii) what structure to utilize, and (iii) what we will be the resulting impact to our personal tax situation/asset protection.  

(This is the part that sets other investors and myself apart from those that never get started in real-estate)I find strength in adversity.