Quote from @Frank Sichelle:For example, Rise48 has made the statement on one of their capital calls that if you contribute additional funds, the new funds will not only be in a priority position in the capital stack (which is normal) but they will also move the initial capital of those who contribute additional funds to also be in a priority position above the initial capital of those who do not contribute.

.: 20 llc's ×$800 annual filing fee's + bi-annual SOI filings + admin costs for filing, so....$20k+- per year regardless of c.f. or profitability.

The numerous pop-up windows load slowly, and ACH fees for outgoing payments are $1 each, which adds up quickly.It's particularly frustrating that I have to manually create and apply a bill for maintenance fees to each property every month.

Needing growth capital — without giving up equity or control.That’s where mezzanine financing comes in.It sits between senior debt and equity, giving you leverage beyond the bank — while keeping your ownership intact.Here’s how savvy sponsors use it:1️⃣ Expand faster — Fund new acquisitions or ground-up projects while existing equity is tied up.2️⃣ Bridge valuation gaps — When senior lenders pull back (say, 60–65% LTC), mezz fills the missing 10–20%.3️⃣ Avoid dilution — Keep your investor pool tight and your decision-making power intact.4️⃣ Improve IRR — Leveraging mezz at the right rate can boost returns across your capital stack.💡 Example:A multifamily sponsor used a $10M mezz tranche to complete a $45M development — retained 100% equity and hit stabilization 6 months early.Mezzanine isn’t just “extra debt.”It’s a strategic growth tool — when used right, it accelerates your pipeline without giving up control.

It’s the stacking of uncertainty.Low or thin credit can be workable if other parts of the file are strong.

The questions posed relate to the AMOUNT of the acquisition fee and if the acquisition fee was in ADDITION TO A BROKER FEE.  

I would love to move to 4 or more a year but everywhere seems to want 15 percent down and then the rate and fees shoot up:  I want to scale but not at the sake of profitability.

While that is going, stack up another marketing source and let it rip if that does well. 

It’s a gamble.The best BRRRRs still cash flow even if the refi comes in lower than expected.Section 8 tilts the scale.Predictable rent and long-term tenancy stabilize both strategies.Straight rentals become easier to manage.BRRRRs become easier to refinance.But the math still has to work without appreciation.Our conclusion:Straight rentals scale faster initially.BRRRR scales faster eventually, but only for disciplined operators with real systems.The fastest growth doesn’t come from choosing a side.It comes from using the right strategy at the right stage.Where are you in your investing journey right now, stacking rentals or recycling capital?

Quote from @Stuart Udis: @Jay Hinrichs  There's definitely a time and place for it but from my observation the people who have been posting are coming to BiggerPockets because they can't find the missing piece to their capital stack, have little to no experience and the only way they can purchase property is by utilizing this method.