There are some syndicators who simply do not know what they are doing or not that experienced.My minimum per accredited investor is 200k per deal.

I thoroughly enjoyed BPCON2024, simply for the fact that it was my first one. 

So, I would collect several hundred per year in late fees simply because they didn't manage their personal finances well.

The key is to simply lay out your options and determine which one offers the highest return while staying within your acceptable level of risk:Rent and save for a 20% down payment on an investment propertyBuy a primary residence without house hackingBuy a house hackOther: Is there a better use of your money?

(instead of getting new financing)  A $300,000 mortgage at 3% is $1,264 - but a $300,000 at 6.53% is $1,902 - so I simply save / cash flow $638 a month.

As far as drafting contracts most of the investors I know simply use whatever contract they’ve been using over and over again. 

Or are the landlord laws simply too draconian in California to warrant the risk? 

Outside of those focus on simply being a good landlord because you have far more control than you may think.I am in Philadelphia which has tenant friendly landlord tenant laws.

So now, today, Detroit is no longer viewed simply as a cash flow market.

Whether it's helping with properties that may have complicated tenant situations or simply sharing some local market insights, let's chat!