It's very difficult for somebody in your position to find an equity partner on a $50K rental property, let alone millions of dollars of stuff.As others mentioned, start small and prove you can make it work with your own funds first, then the partnership arrangements will find you.

Tough spot. 

In the current market, that would be tough to do at anything over 75%.

I understand that getting a loan with a new LLC can be tough without a solid track record.

Thanks so much for responding and proving the tip to post on CTREIA’s FB page.

I'm in Waupaca, own one duplex, and it's tough networking when all of the BP events are in Wausau, Green Bay, or Appleton. 

Of course I realize this will be a crazy, crazy statement for many on here - and that further proves my point...One of my favorite statements buy one of the best entrepreneurs in the world today, Richard Branson, goes like this:"If someone offers you an amazing opportunity and you're not sure you can do it, say yes - then learn how to do it later".

I think my hypothesis is proving correct as many of them right now are in litigation due to the way they managed their syndications. 

In terms of the Des Moines market, finding a multifamily in the $100-$150K would be extremely tough.

If resale is your focus, think about the future desirability of the area and whether you can add value that will be recognized by future buyers.Bay Area investing is tough, but it can be rewarding if approached with the right strategy and mindset.