My belief is if you do this, mls purchases with high LTV market financing will reflect negative cash flow.  

If you've got a slamming deal and solid track record (f. ex my guys that did a bunch of Fannie loans for deals first), take it to Lima One to be rewarded with optimal terms and conditions that reflect the safety of the great deal you have and your track record of success. 

I do everything I can to set expectations properly, but when that happens, it still reflects on me — and it stings.The daisy-chaining is the bigger issue.

Perhaps it's worth reflecting on the real value of your contributions here. 

I have taken some time to read through it and reflect on how your experience can be used for my underwriting.  

The best returns historically have come from places that didn’t chase mass tourism but instead grew deliberately with eco lodging, seasonal cabins, guide based recreation, and second home buyers who want privacy and access over nightlife.For certain investors and operators, especially those comfortable working with rural communities rather than against them, Mackay looks less like a dead end and more like a place where the fundamentals are intact and the price still reflects yesterday’s assumptions.That is exactly the window I am interested in

Investors are taking longer to commit—fundraising now averages 25 months to close versus 15 months in 2020–2021—but they're leaning into higher-risk, tech-heavy plays that reflect a changing market landscape.Looking ahead, Starwood's $10 billion Distressed Opportunity Fund XIII is the largest vehicle currently in market, with Blue Owl and Strategic Value Partners each targeting $6.5 billion.The Bottom LineThe CRE market is entering 2026 with momentum it hasn't had in years.

This reflects the financing challenges and reduced purchaser pool.Good luck

Personal Reflection:• We’re excited to start this journey but realize we have a lot to learn.

Shop around, consider Citizens if private options are too expensive, and look at bundling with your auto or other properties for discounts.4) Since you mentioned you recently renovated, make sure your coverage reflects the improved value of the property.