Startup Syndication Costs

[Taylor Witt]

I've been doing a lot of education on putting together a syndication but there are a couple items I haven't found answers for. Everyone on here advises having a securities attorney put together the appropriate business entity and paperwork, so my question is two fold. 1. What are the typical set-up costs on getting everything put together before I can actually sponsor a deal? 2. Based on other people's figures and experience, is there a minimum multifamily deal amount where it actually doesn't make sense to do the deal? For example does it pay to put together a deal at 1 million, 2 million, etc?