Quote from @Nicholas L.: @Alexis Fentresscongrats on the acquisition. 

Quote from @Nicholas L.: that's a brutal annual feehave you tried to get a HELOCYes, but I can’t get a HELOC on a rental property, and I can’t do a commercial line of credit because my revenue is too low 

Quote from @Nicholas L.: Hire an attorney and do it rightGood luckThanks I have reached out for legal help.

Quote from @Nicholas L.: @Sean Petriehouse hacking is a great way to get started but not everyone's situation permits it.here's a great thread on the challenges of investing OOS in the midwest.https://www.biggerpockets.com/forums/48/topics/1159104-overl... 

L.

Anybody had any luck with it and what is the rent expected and p&l, pros and cons?

It is amazing to me how many people will trust their hard earned money with someone that was in middle or high school during the financial crisis.Beyond this initial search:Experiencetrack recordBusiness PlanAsset typeProjected returnsFinancial StructuresRights and remedies in legal docsRedemption rightsSupplemental Capital CallsOperations capabilitiesOwner/Operator or capital raiser for othersK-1 TimingUse of bonus and accelerated depreciation1031 optionsVertically integrated or outsourcedExperience of team through multiple market cyclesBackground, if any, prior to real estate and syndicationProjected returns net or gross of fees and carrySeeing full financials of current deals with budget vs actuals (if syndicator does not share, or only shares P&L delete their contact)Color on deals that went sideways or lost money and whyMarket analysisColor on why they like that dealRisks of the deal, as they see themDo they have third party audits, ideally from one of big 4 firmsAre they a fund or single asset?

Smith, individually and as a principal and owner of Nudge, LLC, Response Marketing Group, LLC, and BuyPD, LLC; Shawn L.

Quote from @Nicholas L.: @Lucas Moncadadefinitely, 100% house hack.  

Quote from @Nicholas L.: @Joseph Fennerinvest wherever you're locatedThe market is bad where I am and I would like to invest out of state where property prices are cheaper.