A lot of people in the Bay Area have made a ton of money leveraging the appreciation on 2 homes over the years.

This either makes me hesitant to offer on a property or maybe I’ll use the leverage to get a good deal!

It seems to be an interesting proposition as you can leverage your net worth to gain equity into a deal, but of course there is downside risk if the deal goes belly up, requires additional capital, or if the loan turns recourse (due to operator fraud, etc).What is a fair expectation of equity split of the GP portion to KP a deal with the potential risks of liability? 

@Ben M. seems like the main sticking point here is not the structure of the deal, but the amount of leverage.

Note also that If you have then leveraged, your net worth is not the property value but your equity.So if you buy (3) $100k houses with 10% down on each one, you have $30k in equity.

@James EilertsThe lender (bank) in first position will ask where the balance of the $ is coming from and want to see it in your bank account 30 days prior to closing.If you are leveraging the balance they will not approve you especially in today’s world with lending tightening up.

Keep in mind that if you want to continue and grow your portfolio, one of the easiest ways to do that is to leverage the equity in your personal home.

Prices are very high compared to rents and cash flow therefore is pretty marginal if you are using leverage (300k for a duplex). 

It is very nice because they all range from super conservative ( cash-only ) to leverage max potential.I look forward to interacting and learning strategies that will help put my goals into hyper drive.

Just another way we can leverage things towards our personal goals.