Plus, you want to make sure you’re comfortable with the commute and potential tenant demand.Oh, and curious, have you started making connections in that market - lenders, contractors, agents, or perhaps other investors too?

When market changes, even the most sophisticated sponsor could collapse.At the end of the day, it's better to become "active investors" where you know every single bit of your investment, your market, your realtor, your contractor, what's the actual repair cost, actual rent, appreciation and so on and so on.

We’re focused on building a strong network in San Antonio and its surrounding areas since our goal is to acquire two properties per year to enhance our portfolio.We’ll be in San Antonio next week or possibly the week after and would love to connect with local professionals—property managers, contractors, investors, lenders, and others.

If they do complete them, it's probably very basic, not taking what your contractor is now advising you into consideration.

Planning to ask PM to ask her contractor about partial paint-job and also have an independent painter go in and see whether they feel a partial paint job or full would be necessary. 

For the basement, you need to check with a property manager and a General Contractor to ensure its legal to rent and has everything it needs to be legally rented.

They renovate it with their own contractors to save costs.3.

I’m also working to develop a list of contractors and handyman services in the area.

There are three items required to make a successful partnership - Time, Experience, Capital.If you are a syndicator, you are likely expected to have time and experience.There is a lot that goes into being a competent syndicator - Proper communications, finding a good deal, communicating quarterly updates, networking with lenders, contractors, PM companies.You can gain experience by doing your own deals or working for someone who does(Ideally both).I personally think you should cement your experience before worrying about OPM.Best of luck

I’ve already again talked to contractors and got good estimates knocking down this one wall adds aton of value to the house.I estimate the additional amount would be $200-$300 a month after a remodel.