@Jeff Burdick  I was looking at providing some equity for a few flips In Wriglyville.. those pads were selling for 3 to 4 million each.. no sign of massive issues... its the same in most of the mid west rust belt cities you have socio and economic obsolesance and you have movement from those areas by those that want better schools and housing.. markets shift and change... just the way it is.

You compensations for retaining the risk is the savings in PM fees between 1 & 2.Hopefully the example quantifies your perspective on your risk, and in turn, helps you choose which fits your risk tolerance better.

I'm interested in hearing different perspectives on this.  

From my perspective, I see wholesaling as a pipe dream for most ...

From a commodity price perspective, I think oil has a few more risks.

Reading books and listening to podcasts have really had the most influence on me and my perspective.

From an asset protection perspective and a tax perspective, what are the advantages and disadvantages of choosing a member-managed vs. manager-managed?

good place to invest is TExas as long as you live there.. you get the benefit of no income tax to supplement your sky high property tax's in Texas.. buy and hold can be challenge there if you are not a resident... prop taxs  shifting foundations.. etc etc..

@Heidi Wills so I would add a bit of perspective to the "winter low to summer high" data.

Wow many thanks for your help and experienced perspectives.