Contingencies for fourplex properties include inspection, financing, appraisal, rental income, and pest inspection.

The more control and say you lose, outside of your expertise,  the higher the chances of non-achievement.

If you are getting a loan from one entity, you do not really need to be discussing it with a syndication attorney but any loan docs and agreements you should have an attorney review.The people who would need the attorney are the people forming the LLC as they are each pooling funds and would need to determine who is in control of the entity, what if someone wants out of that entity etc.

In some senses the real estate is easier, but I have far less control over that.

For instance we’ve got a bees nest and I’ve already arranged for pest control to come in less than 4 days and notified the tenant about this and still they call/text 12 more times to bring the issue to me.

I personally wouldn't recommend condos because you don't have a lot of control over the HOA, which is an unknown variable in terms of cost.

They have a MAJOR conflict of interest - they don't get paid until they place a tenant, yet they have ZERO liability for the performance of that tenant.If you hire an agent, you better make sure you retain control over screening & approval.

Climate-controlled units commanded a premium, with asking rents of $271 per unit compared to $234 for non-climate-controlled units.

Tell them the gym will be in your unit with a separate entrance where you could control the hours it was open.  

I'm in miami dade county as a focus area only if you consider ground up but I'd pass on auctions because they are sight unseen most the time and it's all cash purchases typically. you have no control. in land development and real estate development you have full control of every part of the process. don't buy something 50 years old or 100 years old.