I'm a big fan of So Cal investors investing in So Cal.  

Hi David, thank you for this it is an interesting read and there is lots of good food for thought.But for me I am not a fan of Syndication, (yet) and I do believe that the main reason for this is the lack of direct control I end up having.I have ventured into Partnerships over the years and with the exception of the one I have with my wife, none of them worked well for me, I understand this is more than likely a result of my approach to them, so I am confident that I can make it work, to me its a matter of finding the right place, and after a lot of conversations about Memphis I have decided this is not where I want my first Large Apartment purchase to be.I am now going to expand my search into Texas and possibly other surrounding states to see what can be found.

@Leo Semenov I am not a fan of purchasing a Residential Multifamily Property known as "House Hacking."

I am not a big fan of that program as you are limited to what you can do to the house by the equity spread from purchase, rehab and refi.  

I am not UP on this type of activity,,, but on fan value, I don't thinks it is a viable way to secure financing.....

I found BP on a link from another website and have been a fan ever since. 

Often times the people who are lending 100% are either in the Lend-to-own business or they are big fans of the non-refundable EMD's. 

If they call to ask about a light bulb that burned out in the ceiling fan or the air filter in the HVAC, how well can you politely but firmly remind them that it's their responsibility.

I personally am not a fan of this type of investing, but its depends on your strategy. 2)  If you have good credit and the cash to put down, you finance the property through a bank.  

And while Crowdfund Insider has published one of my pieces and asked for more, I'm also not a huge fan of the quality of 90% of what they put out.