When should I start a fund?

[Glenn Barlow]

Good day BP family!

I had a question I wanted to throw out to the greater, and more 'in the know' people out there than myself. 

For the past year and a half, I have grown our company portfolio of multi family from 0 to  63 units, and still looking to grow more, especially through this possible next 18 month opportunity window. 

I've been spending much time reading up on Private Equity Funds, and raising capital through starting a RE fund, and there are a lot of 'YouTube gurus' out there that are selling the dream of creating $50MM funds , but I wanted to ask the BP group what some real thoughts are on this subject. 

My thought was to start/create a fund to invest in value add multi family (my speciality and the reason my company has grown so fast and well to date).

What I am unsure of is:

1. Am I still too small and should I forget the idea and just keep growing on my own, adding units as efficiently as possible and revisit when I am at 150 units +

2. Do I have the expertise to raise that sort of capital (25-50MM) or are there people out there, on commission, that do that for you?

3. Whats is the order these things come in (capital raise, deal, docs??)

I appreciate an input that anyone has, especially those that have maybe gone through trial by fire on starting and managing a fund. 

Thanks all!

GB