When a sponsor starts putting more and more deals together they sometimes start a fund.

Disclosure: I am a student at Western Governor's University but I am not sponsored by the education system. 

They offered to pay for my realtor's license and classes and to sponsor me. 

The Sponsor's employee that is handling the raise is a friend and we're undertaking a different business together (so he has incentive to not screw me over). 

The MAREI meeting in Overland Park (Kansas City Area) is May 12th - Networking is from 6 pm to 7pm and you can connect with about 10 of our vendors who host a sponsor table, probably 20 other vendors in the room, plus 100 or wo of the areas movers and shakers.Come prepared to network and meet people.First time visitor guest pass available when you pre registerSee the BP calendar for details and links.

Bad underwriting is the primary failure point for most IRR comparisons, and it makes it tough to make apples-to-apples comparisons across various sponsors/brokers/investors because some underwrite very reasonably, or even conservatively, others underwrite aggressively, and yet others underwrite as if they live on another planet.Another consideration is that what is desirable to you in an investment dictates which performance indicator to focus on most. 

Many of my clients like multi-family prooerties because they are familiar with that space, generally have a faster depreciation schedule, and sponsor is able to increase NOI - therefore valuation - versus commercial.It is important to look at the sponsor, property, and tenant.

I didn't like not having direct access to the sponsor. 

The other way to do it is to co-sponsor a deal.

The most important due diligence is on the sponsor of a syndication and next the deal itself.