Each step you take reveals a new horizon.

If you're here for the next 4-5 foreseeable years without any big changes on the horizon, proceed.2) Househacking is most assuredly your easiest way to get started, especially if you don't already own a property.

It depends on your time horizon, but I'm seeing target equity multiples in my markets and syndicated deals in the 2.0-2.5x range.

There are quite a lot of apts in that section between Mopac and I 35.With new apple campus it should appreciate if you are looking at a 5 year horizon.

Second if you don't have the guts to buy a property now, you will not do it when there are stormclouds on the horizon.

The current owner is not the power in this transaction; I doubt very much that he is getting a plethora of offers-you are very likely the only guy/gal on his horizon. 

We haven't seen anything that says there's an '07/'08 on the horizon.

Again - these are just rough rules of thumb I use and you will need to adjust it for the condition of the place, average vacancies in your area, and the Capital Expenditures you see on the horizon. 

What are the options for LP’s in syndication deals who need liquidity before the investment’s time horizon is reached?

Your investment horizon is short so these shorter term indicators are important (not to say these aren't important for long-term hold as well).