@Jacob Phillips, I think the quote is the other way around, "It is better to remain silent and be thought a fool, than to open your mouth and remove all doubt."

the art of rasing private money centers around your ability to run your mouth.  

And the company is still up and running ( I sold out personally a year ago nice liquidity event thankyou) with the blessing of the state feel free to call or contact them to get the current RE paper offering for the company and the one we operated under ...And like I said I have mentioned this many times on these post. but of course you probably never saw them that's why you put your foot in your mouth..

Initially, you will make more progress with a fork in your mouth, not a phone.

My apologies, not trying to put words in your mouth.

We celebrated with cherry kool aid, Joel's favorite drink and the went across the street to the closing agent to close the deal.After closing I began waking back to my newly acquired property, feeling pretty good after Joel's assurances and getting 50 K cash back at closing as he had the deal settled by some guru's system.....anyway, I stepped on to the street and someone tackled me pushing me back on the sidewalk, the were yelling, "MAN, IT"S SHAFT, HE's A BAD..." there was a pause and some chick says "Watch your mouth!"

You live with your heart in your mouth waiting for the next thing to go wrong.

The local investor will steer you away from bad contractors/PM's in the city that will run off with your cash and leave a bad taste in your mouth.

I also think one's first deal should be as simple as possible (20% of own money, turnkey, etc.) with the goal being leaving a good taste in your mouth for the 2nd deal (that'll likely be more challenging.)Also, option 1 will leave you with a strong network.

Not to put words in your mouth, but most likely you want to do this for your families financial security.