But the example you gave, I would estimate $3M as a good starting point for the project.Your post liquidity also will be looked at as well.I would recommend partnering with people that compliments areas you may not be strong at for your project.

I have had many clients liquidate their crypto in the past few years to get involved in real estate.

It does tie up more liquid capital.

As others have noted, real estate investing requires liquidity.

you need cash / liquidity / reserves. 

hi Jay - Basically I can't sell tokens - no one is buying and there's no liquidity like they promised.

@Zak House cat urine/spray will soak through tile, grout, subfloor, slab, wood baseboards, cabinetry, etc.

Most syndicators (myself included) don't have that liquidity or social presence (of millions) to close and then raise equity.In my opinion and watching Grant for past 3 years- he's a smart businessman and excellent marketer. 

Yes - its based primarily on the property + borrower (credit and liquidity, experience is a plus, but 1st timers are generally ok with some DSCR Lenders, sometimes with a bit of a leverage limit)Check out this article - https://www.biggerpockets.com/blog/dscr-loans-what-are-they2.

@Jon DawesI personally prefer liquidity and flexibility and like you said so many variables which is why it's never clear-cut in personal finance.