District Court to operating a mortgage fraud and equity stripping scheme involving numerous New Hampshire properties.

It’s a lower-risk way to get your feet wet while you’re learning.

If one were to look at the list of portfolio properties presented on various syndicator websites and think that the syndicator listing them was the one that found, secured, purchased and asset managed all the listed properties, then one might arrive at an inaccurate conclusion for numerous syndicators.

I also agree that RE appreciation is unlikely to match the last dozen years, but you never know.Where I am unsure we agree is that paying $450k to improve the cash flow ~$3k (your numbers but I expect my delta wold be similar meaning both my cash flow estimates would be worse than yours but both would be worse by the same amount not affecting the difference) makes sense especially if the cost of having the extra $450k is only 6% rate which is historically simple to beat via numerous investment options and hopefully no one is investing in RE for an expected of 6%.  

I faced numerous hurdles and stressful moments, but I persevered and built a successful approach.To tackle this challenge, I recommend starting early by building relationships and seeking investors.

Search the BP for ADU appraisals to encounter numerous examples.

I would both buy a property to get your feet wet and at the same time make a plan to scale.  

Running 95 and up for highs so we will keep the concrete wet.  

@Diana Teng there are a LOT of potential pitfalls:(So, it's vitaly important to not just find someone that you think you can trust because they tell you what you want to hear, but you find someone that their processes seem a good fit for what you want.EXAMPLE: we do BRRR Turnkeys for clients and take numerous vides we share with them - initial, worst state of any demo, when HVAC, plumbing, electrical update BEFORE walled in, before any major payouts and of course a final walk-thru video.One thing that's accurate from all the HGTV renovation/flip shows is that you should expect and plan for surprises!

My question is: how do you do that and comply with Dodd Frank, which imposes numerous regulations if you finance more than 3 properties per year to consumers who will reside in those properties?