If the deal falls apart earlier in the life of the investment, yes, the capital investor stands to lose much more (and yes--the financial scale of deal matters, as you indicate too).I'm assuming that the "worker" probably has a little financial contribution for skin in the game (say, 5k of a 50k down payment), is also sourcing the deal, swinging the hammer, and listing/property managing for as long as the property is held.

Best of luck to everyone out there in the storage game.

I am curious if I should jump into the short term rental game as I heard it can be more profitable.

@Frank DiGiorgioYou should have been engaging a CPA / tax professional as you go through major life events such as a sale of a property.It seems like you are out of luck on the 1031 because you have to engage an intermediary along the process.You may still be able to do a Qualified Opportunity Fund(QOF).Best of luck

Then once I've gotten some skin in the game and some money I can go to a bank to collect some bigger deals

Been looking to get in the game for a little while now and ran across a potential investment by pure luck.Was originally looking at single family residential to start out with rentals.Commercial deal came in to our laps:$310,000 purchase price4 retail store fronts(3 rented to a cafe, 1 to a boutique)2 apartments rented out upstairs1 vacant apartment upstairs(biggest of the 3 residentials).

Hoping to have this project done by Dec 2021 for guests to enjoy some Cowboy games!

You are asking people to give you money and let you do everything without having any skin in the game.

hi BP fam - recently starting taking the steps to really get in the game of re investing i.e., creating a criteria, studying a market, making connections in market (realtors, lenders, etc) and I've determined I still need about six months of saving/paying off debt before we are really to purchasein the meantime I do not want to just sit on my hands. is there anything i can do to provide value to any experienced investors (bird dog, etc)?

Of course, at the end of the lease, it's fair game and I often find it best to change out the tenant as we might be in a value add, raising rent and just wanting to start over.