I wish I had the courage to take this leap earlier in life, but am excited to begin this journey and learn as much as possible from all of the experts here. 

And you don’t need to be some flipping expert to get your first rental — you can do subject to, partnerships, house hacking, whatever gets you in the game.

They don’t usually foreclose like mezz— they take over control rights if things go sideways.Ideal for:Ground-up or heavy value-add where cash flow is lumpyDeals where senior lenders cap leverageSponsors who need flexibility on timing of returnsThe real deciding factor: cash-flow timing vs. controlIf you can make regular payments but don’t want to dilute ownership → MezzanineIf you can’t guarantee near-term cash flow but need capital to close the gap → Preferred EquityIf your senior lender forbids mezzanine (which happens often) → Preferred Equity is the workaroundOne more nuance most posts miss:Preferred equity comes in two flavors:Soft Pref – economic preference, no takeover rightsHard Pref – essentially mezzanine equity with control triggersUnderstanding which version you have matters just as much as the return.Both tools are powerful, if you pick the wrong one for the wrong project, it can wreck your risk profile.

The Chiefs & Royals stadium saga, potentially relocating across state lines, could shift economic activity and boost local infrastructure.

Quote from @Naveen Himthani: Hi experts!

.), so I don't think that suspending payments is unusual in this economic climate, nor by itself an indication of malfeasance.

. 📈❌ Now with the government shutdown, the scheduled jobs report that was supposed to come out 11/7, will now be postponed, causing further uncertainty with where things are at from an economic standpoint

Any recommendations on where I can go to get some independent expert advice on this so that I am not overspending and still having the issues addressed.

Quote from @Peter Zynko: 1) get someone with experience on your team, an expert - verify their track record. 2) something invisible might be the politics of the town to get your permits and what ever else approved...partner atleast with your first one with a seasoned operator.  

I used to think the same thing.But after working with a lot of new investors, here’s the pattern I keep seeing:The people who grow the fastest are the ones who get their foundation right before they buy anything.I’m talking about simple stuff like:Opening separate bank accountsKeeping clean records from day oneUnderstanding how income and expenses actually flowGetting a basic system for tracking your numbersYou don’t need to be an expert.