This positioning means you are not tied to appreciation or speculative exit timelines, and you aren’t dependent on operator goodwill to be paid.

I still coin BTC a speculative play but I acknowledge the results it has long as it's popularized utility holds.

Whether you're managing your own units or working with a team, every deal is a learning opportunity that brings you closer to your long-term goals.A few quick tips as you grow:*Focus on cash flow over speculation in the early stages-steady income is what builds stability.

@V.G Jason, Maybe your speculation is right. who knows really what's going on, yes, it is a complete disaster at this point.

Moreover, price movement in the market appears to be highly speculative with significant valuation swings based on hot money flows. 

Quote from @Andrew Syrios: You can probably get a construction loan to build on it, but just to buy without an immediate building plan on just to speculate that land prices will go up, unlikely, as there's no income stream.  

Borrowers often qualified based on speculative future appreciation, not real repayment ability.DSCR loans today: Underwriting is based on property-level cash flow (rents vs.

@Evan Polaski       My structure wasn't meant to be complicated below is the deal based off a property I purchased 8 months ago and if I used gp lp structure instead of a bank.Example: How the LP-Friendly Structure Works(Based on a single-family rental I completed 8 months ago — not hypothetical)Purchase & RehabPurchase Price: $34,000Rehab Cost: $20,000 (self-performed at 40–60% below market)Total Capital Required: $60,000 (from LP)OperationsRent: $1,000/monthNOI Margin: 60% with 91% occupancyNet Income Before Pref: ~$546/monthLP Returns (Years 1–3)Preferred Return: $325/month50% Cash Flow Split Above Pref: $110/monthTotal Monthly to LP: $435 ($5,220/year)Total 3-Year Pref + Cash Flow: $15,660Refinance at Year 3Property appraised for $105,000 only 3 months after rehabLP Gets Back: $60,000 original investment + $6,000 bonusTotal LP Profit in 3 Years: $21,660 → ~12% annualized ROILP’s Choice at RefinanceOption 1: Take all capital + bonus + pref payments and exit dealOption 2: Roll $12,000 into the deal for 20% equity in a property worth $105K — essentially buying in at the original valuation with no new money out-of-pocketWhy This Works for LPsFirst in line for payments — no bank debt and no GP fees ahead of youProven model — I’ve done this for 20+ years, consistently hitting 60%+ margins on my SFRNo speculation — this example is from an actual deal I executed recently.Straightforward terms — secure cash flow + clear exit + optional upsidehope this helps understand my structure a little better now I am just looking to do multifamily deals where I can scale faster than SFR. 

Because many of my investment are speculative in nature my passive income can easily drop by 1/3 under “normal” circumstances, and probably 1/2 in another 2008 style financial environment.  

Youll have to speculate some on hrs used because it varies based on temp.Use your bills to see what the utility charges p/kwh (pay attention if rates change based on season or time of day.