To do this I found you need (1) local type lender that keeps notes in their portfolio, (2) good credit and track record, and (3) leverage at 50% or less.  

Quit acting like you're helping BP, you're trying to get BP "back on track".

When I was trying to determine demand for our area, I selected about 20 listings near the location I was focused on, and tracked them for several months.

HI Sven, I think that you're on the right track to starting your real estate journey.

Not sure how they'd actually track that type of activity though regardless.

You’ve made a great point about checking the borrower’s track record on completed projects.

You only need a place to track tenant information, payment history, maintenance, etc.

I can’t keep track of the number of  people I come across on bigger pockets who feel the need to create entity structures more complexed than my former employer that owned a hotel portfolio valued over a billion dollars. 

This can also make it easier to manage and keep track of each loan.- **Cons**: You'll have to deal with multiple loan applications, closing costs, and monthly payments, which can be more complicated and expensive.### Option 2: Portfolio Loan- **Pros**: A portfolio loan allows you to use multiple properties as collateral for a single loan.

I have tried to find potential syndicators by literally tracking down who bought apartments that I see clearly have new owners... but in each case, to date, the new owner appears to not be open to outside investors (and so far no local outfits), so that's not working out.