You are so correct @Nate Marshall!

Even if "corrected" it could be much more expensive than a 20-30k price reduction.

This reduces my monthly payment by ~$100 a month.Am I correct to think that I am essentially paying $3500 for this refinance?

Quote from @Christina Barry: You are correct.

@David Jenkins I learned from the Lance Edwards Big Money in Small Apartments Bootcamp and applied his marketing strategy and analysis technique to mid-size and large apartment buildings with good results.

Definitely not, if you don't pick a correct property at a correct price. 

Failing to budget correctly for repairs or not accounting for unexpected expenses can cause you to go over budget.

Don't be afraid to purchase the lower tier real estate the second go around if you are focused on the correct fundamentals.

You are correct, small multi listings in A/B markets are less common, but do come on occasionally.

These syndication educators teach you underwriting, give you lists of brokers, recommend you increase your social media visibility and are provided techniques and tools to raise capital.