The cadence

Semiannual: the Form 1-SA, unaudited, with balance sheet, income statement, cash flows, notes on bonds and options, and management’s discussion. Annual: the Form 1-K, with PCAOB-audited statements, legal proceedings, employees and related-party transactions. Offering circulars when the company raises. All on EDGAR under CIK 1945278. 1

What is not provided

A monthly cash burn figure, a live balance sheet, or an investor portal. Board minutes are not published. Investors who want to know the cash position between filings can compute it from the last one and the disclosed bond coupon, but the company does not publish it.

The extra check

The offering circular discloses that director Ross Gerber is under contract to provide regular and ongoing net asset value evaluations to the company. Those evaluations are not published, but their existence is. 2

Compared with the alternatives

A private syndication typically reports quarterly to its own investors and files nothing public. A listed REIT reports quarterly under Exchange Act rules with audited annuals. Reinvest sits between: public, audited, semiannual.

In his own videos

• September 18, 2022: HouseHack Q&A, Ask me Anything about my Startup. 3

• November 2, 2024: FINAL HouseHack Investor Q&A before Closing Investments. 4

• May 16, 2025: the first-quarter earnings call video, his term for it. 5

Filing timeliness

One measurable test of transparency is whether the required reports arrive on time. The EDGAR index shows the first three periodic reports were late, by roughly two and a half months (June 2023 semiannual), four months (2023 annual) and two months (June 2024 semiannual), and that every report since April 2025 has met its deadline. The full index page lists each with its date. 1

Two more things the filings show

Every report from June 2023 through June 2026 carries a going-concern note. The audited 2025 statements say the $7,404,584 accumulated deficit and two years of net losses initially raised substantial doubt about continuing as a going concern, that 2025 produced positive operating cash flow, and that management believes cash, Treasuries and the 2026 bond proceeds alleviate the doubt; the June 2026 semiannual repeats the note. The language is standard for a company that has not yet earned an annual profit, and it is in the record. And the July 2025 current report stated EBITDA profitability for the second quarter of 2025 and 100% occupancy with no delinquent tenants for July, which is the earliest filed profitability claim; the first half of 2026 was the first period with filed income from operations. 6789

What the annual reports disclose about pay

The compensation tables name the three highest-paid officers each year with cash, other and total compensation and footnotes on bonuses, stock, benefits and the forgiven note; the 2024 table shows Kevin’s $290,000 bonus and $821,868 forgiveness in the year his salary was $1.00. That the site can print those figures is the point: they are filed, footnoted and audited. 11