Toni

@Tony ZhangThe market is hot.

@Tony Zhang Are you a relatively new investor, or are you old hat?

And the underlining assumption is tax treatment differences will make big difference.I own rental properties and invested in syndication and to me, it's comparing apples to oranges.As Tony mentioned, you typically get a large passive loss in MF syndication the first year which offsets your distributions for many years (no tax). with direct ownership, you get to write off all the things OP listed above, so you typically end up with very small or no tax liability (at least in my experience). 

Originally posted by @Tony Ruiz:Just starting out in the fix and flip world talked to several hard money lenders but most require several flips to work with me since I have not done any in the past.

@Tony Thomas Hey!

Thanks @Tony Freeman.

@Tony Thomas I dont think there are industry standards for these things, there are simply too many factors that need to be considered.

Originally posted by @Tony Kim:Originally posted by @Terrell Garren:Originally posted by @David M.

@Tony ZhangI would stay in a market that you already know rather than trying to move into a new one with 3 different properties.