A $50K investment from a psychiatrist who has no idea what they are doing but wants the "freedom" "low risk" and "generational wealth" the GP promises comes with zero power over the syndicator in an incredible lopsided distribution of power not available from most other sources of capital. 2) Ability to Charge WAY more in fees: A naive accredited investor with little experience in private investments will fork over fees like: - 2.5% acquisition fee- High Management fees (2-5% of rents) - 2.5% disposition fee- 1-2.5% refinance fee- 20-30% carried interestThe fees that many of these social media influencers charge would get them laughed out of the room by any family office or private equity shop.

Getting into the story behind this one..This deal was sourced from a large corporate wholesaler (no names) Originally listed as 179,999 as a "wholetail" deal with an "ARV" of 250,000 I walked the house and estimated it needed little in terms of repairs, though I knew a realistic ARV was between 215-230 However, there were tenants in the house without a lease agreement with the current landlord.

Curious where everyone sources their material for flips/brrrs? 

My (non lawyer) read of the SC rules paints a much different picture in those jurisdictions than what you discuss in TX - where it sounds like you own effectively nothing but a tax note until the close of the redemption period - you can't take possession and rent the property, real estate taxes during the period are still the responsibility of the original owner, etc.The below is from the County of Charleston SC's website regarding the tax sale and how they work in that particular jurisdiction - certainly not the authoritative source of their state statutes, but for posting on a forum, I'll take it for now. 

But you can also advance yourself and save time learning with someone else whose already doing them in your area.Maybe even offer to help them source their next deal.

It's the source of most of my liquid cash.

Great surfing, fishing and the occasional transferrable oceanfront STR permit (without limitations) property for sale. 

Due to interest rates and overall market conditions, sourcing SHF or small multifamily LTRs that cash flow is still challenging unless you're putting down a significant amount or finding deals off-market.Nevertheless, my team and I still have an extensive network of investors focusing on SFH deals and small multifamily acquisitions. 

If having rental properties was to be our main source of income, how would we go about receiving financing. 

What you will need is enough money to cover that expense from some source when the time comes to address it.