For steps it goes something like this, in brief, for sponsoring a deal:Build Brand & CredibilitySelect MarketBuild Team and Partner relationshipsBuild Investor ListFind Deals (started at partner relationships step)Submit LOIs and Acquire Deal under ContractEntity(REG D LLC) creation and documentation with Securities Attorney (started at partner relationships step)Secure Financing from Lenders (started at partner relationships step)Present Deal to InvestorsRaise Capital from Investor ListClose on DealRenovate & stabilizeManage Property/Communicate status to investorsShare Profits & Losses until SaleAdditionally, It also could be beneficial to invest passively on a Syndication first to see the flow and build network relationships. 

@Jamia StevensWealth creation with real estate is for people who have learned how to make and save money already.

Having said that, there are still some great options out there which may be able to help you keep everything in one place (listing the property to 10+ major rental listing sites, managing listing responses + scheduling viewing times, tenant screening w/ a fully comprehensive application, digital lease creation, online rent collection, and maintenance request tracking).

Before i get into the meat of things i think I should share a quick backstory:I started reading books and looking into wealth creation within the past year, shortly after found BiggerPockets and the benefits of real estate.

Before i get into the meat of things i think I should share a quick backstory:I started reading books and looking into wealth creation within the past year, shortly after found BiggerPockets and the benefits of real estate.

Lots of liability and systems creation.

(Ask me for a copy of my e-book on this)BUT, investments in long term buy and hold real estate, with cash flow, debt reducing equity creation, and appreciation is STILL a very good business model, even without BRRRR. 

And even still, there are other solutions that will help you to keep everything in one place (get a new listing for the property up and posted to 10+ major rental listing sites, managing listing responses + scheduling viewing times, tenant screening w/ a fully comprehensive application, digital lease creation, online rent collection, and maintenance request tracking in one spot).

I am not an attorney, but this is what I understand.The series LLC was created to simplify creation and reporting for related LLC's, it may cost more upfront but it also allows the investor to add to their investments with asset protection more conveniently.

Economic growth and job creation are also a plus.