Home office was the greatest invention since sliced bread.

below are a small slice of my experience.I have just completed a deal for 3 condo's, However the deal was done with one of the dirtiest, scumbag, low-life degenerate pieces of crap to ever walk the earth.

I think that turn key providers are a good way to jump into real estate but maybe not long term as they do take a slice of the cake that you can keep yourself after you become confident in your ability to find good deals yourself.

The sponsors I know like to deal with private investors as they can structure the deal more to their liking and as a last resort line up just a smaller slice of institutional debt for the project.One of my friends takes a 50% promote on retail syndicates but has been doing it over 40 years and owns about 7 million sq ft.I am focused on the smaller retail deals to syndicate as a sponsor.

At that point, the long lost relatives will sell that sucker; slice it up like a piece of pie; and have good words to say about you for creating that investment for them!

I have built my own spreadsheet in Google sheets implementing several rules of thumb as well as slicing the ROI via cap rates, GRM, etc.

Yeah man go ahead and jump in! 

It likely will be a smaller slice of the profits, but it could be a much bigger operation overall.If you are in direct competition, you could offer your partner a bigger share of the profits.  

You can slice it either way depending on that.  

And that may well justify a slice of equity in the business.