Can you post the source?

This deal was sourced through our network and direct-to-seller outreach.

You have the advantage of knowing people in the space and being a trusted source for housing for people coming in. 

This is why blending different sources of equity within a project that has multiple phases of development can be a more challenging capital raise.Separately, from a GP standpoint, if you can take down the entitlements without LP capital, you stand to negotiate better terms.

I’d encourage you to think outside the box when sourcing off-market properties rather than simply replicating someone else’s strategy—what works for them may not necessarily work for you.Additionally, connecting with real buyers who can close on deals is crucial.

You should also be sourcing deals through Facebook Marketplace, wholesale lists, and networking with other investors.

If you put in the effort to source the right opportunity, you’ll find a way to fund it—even with minimal personal cash investment.It sounds like you already have the skills and experience; now it’s just about structuring the right deal.

@Jay Fayz Do you have a source of regular income? 

I found it better to source a renter myself.

Originally posted by @Mike Dymski:You don't need one if you are sourcing, qualifying, and closing the leads.