It’s about understanding structure first.

Id recommend getting comfortable with the terms.Some books that are helpful (not totally MF focused)-Confessions of a Real Estate Entreprenuer (Perspective of an investor, how they think, how they take risks and how they learn)-Am I Being Too Subtle (Mindset, managed risk, opportunity spotting)-Zeckendorf - Autobiography (Relationships, risk taking, deal structure, development)-BP Rental Property InvestingI'd also recommend going to Lowe's, Home Depot, Habitat for Humanity to build your brain around materials, costs, quality and history of materials (even if you're not the one doing the work).Lastly, once you've conceptualized the asset class itself and general understanding of deal structure / operating structure...look into some news articles and trends in MF.

In your experience, is it more beneficial to purchase a structured course to understand the process in depth, or is it better to learn organically through networking, reading, and hands-on experience?

Most people shy away from properties with real mechanical or structural issues—but for someone who knows what matters, that’s where the upside is.

• Has anyone successfully structured coverage for sewer/septic backup liability?

From a lender and insurance standpoint, this is still treated as a rental until ownership actually transfers.Typically you would carry a landlord (dwelling) policy in your name to cover the structure and your liability, and the tenant would carry renters insurance for their personal property and liability.Even in a lease-to-own setup, most lenders and insurers do not want homeowners insurance in place once the property is tenant-occupied, and the tenant generally should not be insuring the structure.It’s also worth making sure the lease language is clear that ownership has not transferred yet, since that can affect how insurers and lenders view the risk

It makes sense to set up a new LLC for every million of equity or so$5 to $10 million in equity: time to start think about basic asset protection strategiesOver $10 million in equity: maybe consider some more advanced legal constructsI know several people with large portfolios, between several hundred and one has almost 5000 units and they all run pretty basic entity structures.

Hi all,I’m looking to get feedback and connect with capital partners or intermediaries who actively place equity or preferred equity into senior living / healthcare real estate.I’m working alongside an experienced operator who has structured a portfolio of six senior living assets under a single investment platform.

Basically it comes down to whether the work affects the structure, systems of the home or how the home looks. 

Hi @Jorge Torres, While I have never personally been in this exact situation, my club and I rely on each other for capital in every deal, and I structure those investments very intentionally so everyone is protected from the start.