I like your lesson learned, but would just caution you to still watch tightly.

The fact that you’re leveraging your background in property management and deal analysis is huge, especially in a city where margins can be tight, but the upside is massive. 

.: Hi All,Is there any way to structure a private lending arrangement so that income is considered passive (by IRS standards) and can offset accumulated schedule E losses?

Seller won’t budge on price and it will be tight for cash flow.

Funds are beginning to run extremely tight.   

Still tight but possible to find some good cashflow.

. - New construction will be comped against other new construction - Start out with enough comps to justify the price point- keep the area tight to consolidate the risk vs building one or two in different parts of the same neighborhood. 

@Philip AndersonMultifamily properties in Ventura can perform well due to the area's high rent demand, but inventory can be tight.

The homeowner insurance market right now is a dumpster fire with carriers refusing to write business and creating incredibly tight underwriting guidelines.

Over the years, I’ve seen how a tight knit community sometimes means less competition and more welcoming neighbors.