Some of them are failing miserably and of course blaming everyone or everything else but themselvesYes, to us, it's obvious who is BS and who is not, but many investors want to be pitched the easy way so they sip that guru juice.

2) I am trying to minimize expenses and explore the possibility of securing a construction loan.

Screening Tenants: Implement a thorough tenant screening process to minimize potential issues.

I have a condo as a rental with minimal loan balance in San Diego. 

And like all the gurus, (Childress, Dave Galegor, Cantwell and the list goes on)...they pitch their seminars and courses; charge ridiculous amounts of money for outdated or information one can obtain for free with just a little bit of effort.

And HOA insurance coverage is very minimal so if something does happen, HOA likely won't be able to pay for much.  

Before I answer this question, I think it is important to make sure you know what want and can afford.For me, I wanted a property that was pretty much turn key and required minimal updates (painting or adding washer-dryer) as a buy and hold investment.

Houses are designed/built as rental hardened so minimal repair/maintencance for at least 15 years.

Lacking sufficient funds for a 20% down payment, I am exploring lenders offering 90%-100% LTC to minimize my upfront investment.

The main thing I have learned about syndications is that anything can look good in a pitch deck.