There is a lot of risk and would hate to see you get in a bad situation.There are exceptions to this but not many at the current moment. 

Obviously Austin has taken a hit on prices and continues to be soft at the moment.

Most do not realize the moment they get financing the mortgage/deed of trust is recorded and you cannot sign it "anonymous" or if you use power of attorney, you need to record the power of attorney and you cannot sign that "anonymous".I am curious, why do people want to remain anonymous?

First time syndicator.At the moment, we are focused on equity raising and deals sourcing, and plan to partner with experienced multifamily operators on a deal in Texas.

With strong credit, the rate on an 80% LTC short-term rental purchase would be right around 8.00% at the moment.

An LLC seems to complicated and costly at the moment. 

@Mike Cassel what deals are you into at the moment?

While he won't qualify for rates as low as 5% because that's just not where rates are at the moment, he could qualify for rates closer to the 7-8s depending on the situation.

For context, there are nearly half as many active fourplexes in the Killeen, TX market (pop 250,000) as there are in all of DFW area (pop 6M). (20 in Killeen, 44 in all of DFW as of this moment). 

Any insights or experiences you can share would be incredibly valuable.Are there specific markets that you find promising or challenging at the moment?