Syndicating a MF deal right of the bat

[Pradeep Baptist]

Hi,

I'm from Columbus, OH and me and my partners are looking to syndicate a MF deal. Turns out syndicating a deal is going to have a huge lawyer bill. I want to know if anybody has done such a deal for their FIRST EVER deal. It is probably not too difficult if you pay for the lawyer bills in your second or third deal assuming the cash flow from the first deal is able to cover it. But is syndicating a deal worth it right of the bat? What are the pros and cons? If syndicating is not ideal for the first deal what other options are available to buy, lets say, a million dollar property? In what other way can we use the investors money to make it a win-win without going the syndication route?

Would love to hear your thoughts.

Thanks

Pradeep