In any event, we can continue to disagree about this and I look forward to the SEC's opinion on it.Syndications are investments for multi millionaires with plenty of money to lose gambling on real estate.

Honestly, that is probably my #1 favorite feature.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Go to your favorite podcast app and search for real estate, multifamily, or syndication and you will find many podcasts that talk about those subjects.

This is my gamble.

You need to minimize upfront expenses because 100% of your investment is at risk and lost if the lot is not buildable.My favorite strategy is to locate the property and tie it up for usually no more than $100 for a period of 8-12 months, analyze it myself and if I believe it to have a chance at being buildable I create a permitting plan and market the property to other investors/builders willing to take on the permitting risk.  

You can't go to Vegas and expect to be reimbursed for your gambling losses.

Third, put the money into an account temporarily for a few months, settle in, buy yourself a gallon of your favorite Ice Cream, pop on the boob tube and watch a couple of good movies.

OP, sorry about this it is my least favorite part of REI. 

Wix is by far my favorite.