I invested some in crypto when the hype happened and lost most of it when I had to sell for cheap.

If you want to be as cheap as possible maybe you buy and install 4 window units and offer the tenant to leave And get all their deposit back. 5.

However, I live in LA so the cost to live isn't very cheap. 

If you do your own thorough analysis of the metropolitan area, neighborhood and property, you have a much better chance at being satisfied with your investment.For example, I'm not sure what market/property you are looking for, but given the $6k out of pocket number, it's likely a cheap property in a B/C neighborhood.

Unless the people were significantly value oriented (think super cheap) 95% of the time they would move on to another location over taking the double beds.

This is because I realized that it's mostly about cheap all-inclusive resorts you can't compete against and all short-term renters I met across the country hated Punta Cana for that very same reason.

I feel like I don't know what I don't know, and I feel that jumping straight to an investor-backed leveraged multifamily deal as a first timer might be a bit too much.Yet, I see no other way to enter the multifamily space as the entrance barrier is high, and cheaper deals in tertiary markets are often cheap for a reason.Would love to hear your thoughts on whether jumping straight to a multifamily syndication is reasonable, and if so, what would be the best path for me  to make a deal happen in the coming months?

If you know what you are doing, you can buy them cheap, fix them up cheap, and then sell them for a profit.

@Jason ColemanI would just focus on increasing overall net worth/cash flow instead of paying down what is likely very cheap money-especially when you’re likely to borrow it again in the future.

It's not cheap but you get access to their team and they do almost everything for you.