Our strategy has been the latter and that's been instrumental in helping us scale our portfolio. 

Such powers shall include, without limitation, the power to:(a) Expend Limited Liability Company funds in connection with the operation of the Limited Liability Company's business or otherwise pursuant to this Agreement;(b) Employ and dismiss from employment any and all employees, agents, independent contractors, attorneys and accountants;(c) Prosecute, settle or compromise all claims against third parties, compromise, settle or accept judgment on claims against the Limited Liability Company and execute all documents and make all representations, admissions and waivers in connection therewith;(d) Borrow money on behalf of the Limited Liability Company from any Person, issue promissory notes, drafts and other negotiable and non‑negotiable instruments and evidences of indebtedness, secure payment of the principal of any such indebtedness and the interest thereon by mortgage, pledge, property of the Limited Liability Company, whether at the time owned or thereafter acquired;(e) Hold, receive, mortgage, pledge, lease, transfer, exchange, otherwise dispose of, grant options with respect to, and otherwise deal in and exercise all right: powers, privileges and other incidents of ownership or possession with respect to a property of whatever nature held or owned by, or licensed to, the Limited Liability Company;(f) Lend any of the Limited Liability Company property with or without ­security;(g) Have and maintain one or more offices within or without the State of Iowa;(h) Open, maintain and close bank accounts and money market mutual fund accounts, and draw checks and other orders for the payment of monies;(i) Engage accountants, custodians, consultants and attorneys and any and all other agents and assistants (professional and nonprofessional) and pay such compensation in connection with such engagement that the Manager determines is appropriate;(j) Maintain such insurance relating to the business of the Limited Liability Company, and upon such terms, as the Manager determines is appropriate;(k) Enter into, execute, make, amend, supplement, acknowledge, deliver and perform any and all contracts, agreements, licenses, and other instruments, undertakings and understandings that the Manager determines are necessary, appropriate or incidental to carrying out the business of the Limited Liability Company.In exercising their powers, the Manager may (i) rely upon and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, or document believed by them to be genuine and to have been signed or presented by the proper party or parties; (ii) consult with counsel, accountants, and other experts selected by them and any opinion of an independent counsel, accountant or expert shall be full and complete authorization and protection in respect of any action taken or suffered or omitted by the Manager in good faith and in accordance with such opinion; and (iii) execute any of his powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys.

lets say the market declines or crashes, the buyer can give the seller the keys back and now get to sell a house that needs cash to fix it up and sell, but would  be selling for less than you'd get nowThe specific legal obligations, and remedies will be spelled out in the deed of trust or mortgage instrument.  

Or we bought sub to then sold on wraps. in those days CA came out with a AITD debt instrument that we used.. ( ALL INCLUSIVE DEED OF TRUST) Its a great Deed of Trust with built in protections for buyers and sellers.

Since joining, we’ve not only gained a solid foundation in multifamily investing, but we’ve also met some truly amazing and driven individuals who have become part of our network.The training, mentorship, and community have been instrumental in helping us grow our multifamily portfolio significantly.

And a HELOC is a great short term debt instrument.

Deed of trust is the existing mortgage debt instrument for lack of better words. 

Understanding their objectives, highlighting tax benefits, and explaining the depreciation process have been instrumental in building successful partnerships.

Keep in mind that laundry leases are negotiable instruments and that a "one size fits all" is not a very good approach for either counter parties.

But if you continue to the next RR you can overcome the rough BR and in time find yourself in an asset with hundreds of thousands of equity in it.In any investment market, I don't care which one you look at, they all have instruments that allow for short-term investing.