Personally, I have little confidence in that outcome.Despite these disappointing results, the team continues to launch new funds and raise capital for their 2026 program.

Ideally <2yearsConstraints & AssumptionsGeographic constraint:South Bay HCOL pricing limits feasibility of local house hacking or multifamily purchases.Experience constraint:First investment property.Common advice suggests avoiding out-of-state (OOS) investing initially.Cashflow constraint:Current w2 works now but children wont become cheaperTime constraint:Part-time involvement only (10–15 hrs/week)Problem StatementGiven:High local acquisition costsWarnings against OOS investing for a first deal,A near-term need for cash flowWhat investment strategy best satisfies the 2-year cash-flow goal while aligning with the 15-year independence goal?

Those markets can work well because they’re accessible and easier to understand on the ground.I’m happy to make introductions to people who analyze deals and operate locally every day.If you want, tell me what level of involvement you’re looking for, and I can point you in the right direction.

I suggest you look up some people’s journey using the NACA program on YouTube to see others realistic experiences.

I strongly recommend getting involved with your local REI meetup groups so you can work out your pitch with help from other landlords.I hope this doesn't come off the wrong way without tone or facial expressions behind it. 

Could this be bundled with another First Time program like SONYMA?  

@Jeffrey Greenberg Mostly medical professional program are offered on 1 unit like condo, SFH and townhouse.

Property taxes are way up as well and Bellingham has a rental registration and inspection program.

I'm very upfront about the work involved, but the rewards have been fantastic.

(Investor means huge firms like Apollo, Goldman, Blue Owl who buy the individual loans, package them up and sell them as bonds) The dozens of programs all have very slight but very important differences that effect pricing.