Hi,
This is my first time receiving LP offer. I have received $40K in offer and plan to take it. Though I have read the prospectus, it is dense information and I could use input/perspective from folks who have gone through this previously.
1) If I have $40K liquid funds (don’t need a loan), am I still better off putting down only 20% and taking a loan on the rest?
2) If I were to separate from the firm (voluntarily or involuntarily) after a year (for example), do I still hold the LP or lose it?