While it is cheap money (interest rate is typically set at prime + 1%) the loan must be paid back using amortized payment over a period of 5 years.

Vanguard Money Market Account - Ticker Symbol - VMRXX - Today's Rate - 5.27% 

My first job out of college was as a trader at a hedge fund.

Appreciation - Will Multi Fam appreciate at a similar rate to SFH in your area?

Interest rates go up 2% points.Labor costsRaw material costsInflationPlan B.  

For example, cleaning fees will now need to be included in the nightly rate shown to travelers.

Here are the key points:Reasons to participate in the capital call:It may allow the property time to stabilize and potentially sell within 24 months at a better price, avoiding a significant loss of LP-invested equity if forced to sell now in an inopportune market1.The additional capital can cover costs like rate caps and allow renovations to resume, which could help increase revenue and better position the property1.The operating agreement likely outlines the terms of the capital call that LPs agreed to2.Reasons to be cautious about participating:Capital calls can indicate the investment is not as sound as originally thought and is potentially at risk2.There is uncertainty around whether the additional capital will be enough to turn things around, especially if interest rates remain high and the market stays challenging for longer than expected4.LPs need to carefully consider if they would invest in the deal now based on the current facts, rather than just trying to avoid a loss on their initial investment4.Other important points:LPs should review the operating agreement, seek professional advice from their attorney, and ask the general partners detailed questions about the capital call2.If an LP is unable to contribute to a mandatory capital call, they may be considered in default and only entitled to the return of their remaining capital account balance, with no further distributions5.In summary, whether an LP should participate in a capital call depends on their individual assessment of the risks versus potential upside after carefully reviewing the deal specifics and getting advice from professionals.

if not... i'd say stay local to Canada 'cash flow' is very, very tough right now with interest rates and prices both high

Presales could actually be a great way to raise gap funding, but buyers might only want to do this with major builders.

I recommend spending 30 minutes every month watching the rent rates in your market so you always have an idea of what yours would rent for should you have a surprise vacancy.