I think this is pretty typical of the ultra wealthy..

Limited inventory typically drives up prices for both rent and equity, as high demand meets low supply.

The typical rule of thumb which works well is GROSS monthly income at least 3x the rent.

The SEC typically stays away from 506c losses because its accredited investors - they will focus on those that hurt the retail investor.

Also, consider this copy & paste advice below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Properties typically on a land lease in communities like this are more difficult to get financing on - so not only check the values but also time it takes for these properties to sell to understand your holding costs

I would face real depression if I was not working or stimulated by investments, than I would be doing nothing.

There are options you can invest in such as oil and gas, datacenters etc. that typically provide significant depreciation.

there are several posts on here about capital calls. without more information it is tough to respond but typically a capital call is because the offering is having issues with cash flow - whether it is because a loan is becoming due or some other reason - that is the primary reason - needing an influx of cash. can you provide more details?

The first year is typically good for most properties, although I've had some rough starts.