Upfront Costs to Syndicating 506(b) in 2022

[Cole Farrell]

Hey there!

I've been investing in small multifamily for a few years and I've done everything from flips, to professional management, to wholesaling and more. With that said, I'm looking to advance to my end goal - investing in large multifamily. I've done all the "prep" work thus far to syndicate and now I'm at the stage of looking for a deal and purchasing. I'm working with an experienced syndication coach who is helping as well. As I'm analyzing deals and getting ready to offer, I'm realizing I don't have a good enough grasp on the actual upfront costs of purchasing (a little late I know). So my question is, what is a reasonable range to expect for costs associated with syndicating a large multifamily property? Specifically for legal fees (SEC docs), inspection costs (due diligence, environmental), etc? 

Thanks in advance!