I've had lenders offer products I didn't know were out there for buying certain types of properties as well.

And maybe diversify a little, invest half in a low cost S&P500 fund like VOO and the split the rest across 2 or 3 syndications.

Understanding the Product mix.

The problem with averages is that a large number of high or low value properties can skew the figures either way.

Hard to give up such a low mortgage rate, but in the end that's small potatoes compared to potential OOS problems.  

Your estimate seems low, but even at that cost, it will not add that value.  

this is a nice thought and catchy name (GATOR) LOL.. " The man in the new suit is getting rich on your dreams "  Stevie Winwood  Taffic low spark of the high heel boys.

Quote from @Jaycee Greene: Assuming you pay asking price, I'd estimate the down payment for something like that using a hard money loan (HML) would be around 40% of the purchase price and your monthly payment would be $2,600 with an interest rate in the low 7% range (probably need a 700+ credit score to get that).

We do not have a resident benefit package, and we keep our tenant fees very low.

Low vacancy rates, rising rents, and high tenant demand for more space/good school districts.