But ultimately, any cost to the syndicator is ultimately a cost to the deal, which means that at the end of the day it costs the investor.Investors that can find quality sponsors, and do proper due diligence on them, can save an entire layer of cost by investing directly with those carefully selected sponsors versus investing through crowdfunding portals.Good luck!

@Shelley AustinWhile it sounds great - if they cannot qualify for conventional financing will they be successful and pay you?

If they move out who cares, it's rental season and put someone new in.

@Rick Albert   I may get a lot of push back from the team but I split my utilities on my ADU the conventional way....each dwelling has its own meter for water, electric and gas. 

Reason #1:  If you're not careful even a bad lawyer can get it turned into a purchase, with all of the rent credited to the purchase. 

This takes care of collections and filters tenants to a large degree.  

But when applying for a new conventional loan, it still has to be counted. 

This pretty much wipes out any conventional lender. 

My strategy is to use HELOC to cover down payment and convention loan to cover the rest of the mortgage.

I am just being more careful on the price because I know it will take five months so I want it to be worthwhile if I am going to do something like that.