Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

The market will control a much larger part.And for a specific take away, ask how the fees, waterfall, overall structure of deals have changed overtime.  

I learned this lesson the hard way during those early days.Don't wait until the last minute to complete due diligence tasks; prioritize them for early completion.

That's how many of the larger complexes get funding to buy and rehab buildings,, that the normal small investor can not afford.Section 8 like other government programs has difficult aspects to it to manage, the people on section 8 are like a bushel of apples, some good some rotten to the core, and when mixed together the entire bushel tends to go rotten if the rotten apples aren't tossed out of the bushel.LOTS of paperwork and inspections and the inspectors are just as complicated as the tenants sometimes.

However, I’m not entirely sure how to structure a syndication for these larger deals.

Basically, he negotiated with buyers to put down a larger deposit upfront, which he then used to fund part of the construction costs.

.- Co-GP or partner on a larger syndication or JV purchase of a large multifamily.

If the garage isn’t being used, turning it into a dedicated game room should add some value particularly if you are targeting families or larger parties.

Anyone have any suggestions on where I can find a few good, larger pieces that don't look cheap but also don't break the bank?

Walls free of holes larger than a #16 picture hanging nail.