He is a great and patient teacher, and after his 1-day class found thru my local Cincinnati REIA, and attending his 4-day bootcamp, my team is now seeking 30-50 unit buildings just to get started.  

You should have a general understanding of what pets you will allow, what you will charge, pet rules, penalties for violations (sneaking in additional pets), etc.

As a hypothetical, let's say there's a syndication seeking capital....Total capitalization $30M, Equity raise $10M....clearly this falls within the boundaries of where a family office, private equity etc. check writer would become involved if the deal has merit.

Don't we want to seek growth and create further opportunities for revenue as investors? 

You can also look at creative financing/subto or owner finance as an option and finally there are DSCR options that will allow you to go up to 85% of purchase (but there is a fairly severe interest rate penalty), so I'd recommend staying in the 70-80% range.

It will be interesting to see if the Commission imposes these light but annoying administrative penalties fairly. 

Prepayment penalties- usually 1-5 year terms.

And, while buying off-market properties sounds appealing, purchasing a property solely because it's inexpensive may not provide the results you are seeking.

Readers should seek professional advice.

Readers should seek professional advice.