Certainly from a capital raise perspective, $5 -10 million is a reasonable amount.That being said, raising capital for a blind pool fund is much more difficult than raising capital for a syndication where the property is already identified and the potential investors know exactly where there money is being invested.

I have not selected a specific property yet, but want to at least identify my potential investors.

Partnering with an experienced local agent will be key—they can guide you through the market and help identify the best opportunities.

An immersive 8-week virtual summit designed to help you identify opportunities, avoid costly mistakes, and build lasting wealth in 2025 and beyond.

If they refuse to cooperate and you can clearly identify breaches in the management contract, file a complaint with your states real estate commission.

My focus is on identifying value-add opportunities and managing properties to maximize cash flow and ROI.I’m here to connect with like-minded investors, share insights, and learn from others in this amazing community.

Below are some actionable steps I plan to take after identifying a market:- find a rock star agent by referral and/or calling brokerages and asking to connect with their top producing agents- find a rock star contractor by referral and/or yelp- have control over construction by setting per diems to incentivize contractor to finish the project on time, within budget, and with good quality- leverage my rock star agent's time to check up on the construction process (checks and balances)- hire independent handymen/inspectors to check up on the construction process for a flat fee (checks and balances) There's competition everywhere, you won't escape that in any market. 

You have a “full” package including property(s) identified, acquisitions under contract, appraisals performed by MAI appraisers, historical financial statements, pro forma projections, surveys, title reports, feasibility studies3.

This can be a real estate agent familiar with identifying distressed deals who can negotiate successfully on your behalf or a wholesaler.

A professional study, though more expensive, often identifies more deductions and is better for IRS scrutiny.