He ended up having to sell the home instead of renting it out, which wasn’t part of his original plan.

It will take some time to vet the ones you really want to work with and that are good resources for you to use month in and month out. 

As I've learned from my experience, it's essential to consider this timeframe when planning and executing syndication deals.By carefully analyzing the real estate cycle and market trends, we can strategically time our investments for maximum gains.

You have to include the cost of your time and the work, especially on a "scary house" is daunting indeed. 

Read "Long-Distance Real Estate Investing" by David Greene, then spend some time reading through the forums.

Spending a healthy % for a reliable company can make your life easier and lead to more growth as you free up your time.

I've actually had an investor give two of the properties back to me after religiously making his payments for 3 years on time but got a set of bad tenants and could not maintain the rentals. 

Embrace the challenges, celebrate the successes, and watch your investments transform into valuable assets that stand the test of time.

Quote from @Jacob Sallblad: Hey guys,first time posting here.

The 60% LTV is based on the ARV, and that is why practicing calculating the ARV is an important skill that can be learned over time and with a lot of practice.