And the joy of syndications, just like any other business, you kind of get to choose who you attract.As you note, Jay, the jets and Rolls Royce and photos with celebrities certainly get attention.  

At this time, we do not allow builders to market any more ground up construction projects (pre-construction) as we have been made aware that there are significant delays in the construction industry.

Getting pre-approved for a mortgage will give you a clear budget and make you more appealing to sellers.

No General Contractor wants to do a remodel with the residents still living there....they will charge you more (they probably will not show it, but the prices will be higher because of the huge PITA factor and increased liability)I would wait until you have completely moved out and then just give them the house empty and ready to roll.....But you can get a Scope Of Work going and start getting bids...even plans and permits if you're going that far...

Rent rolls have been provided and are at about 10-20% under market value.Questions:When looking at MF - what are your goals?

It's normalized to pre-pandemic levels.That being said, there are so many other MTR tenant types so don't limit yourself in your marketing.

Hopefully you did not pay too much for the dirt. 1 acre is optimal these days because of desired double to triple drive thru for QSR.It can become a problem because if they make the building smaller you get less rent but they do more sales.Example a QSR used to be 3,000 to 4,000 sq ft but now instead wants double drive thru's as not many go inside for fast food like pre-covid.If you get 1,000 a foot less at 30 a foot you just lost 30k NOI and now at 5 cap example paying all cash NNN once developed you have lost 600k value.It can fine as long as you do not overpay for the land.

We could have sold and rolled the proceeds into the next deal, but we decided to hold them.

Not every lender offers it, but you can do an investment property reno loan and roll the renovation costs into the mortgage.

Lot depends on your evaluation and how much pre work you have already done.