The key is to build a well-rounded team where each member plays to their strengths and works together seamlessly to identify, analyze, acquire, operate, and raise capital for profitable multifamily investments.ConclusionMultifamily syndication is a team sport, and the most successful syndicators understand the importance of building a diverse and complementary team.

pronounced "O-dey-hone" and they are often identifiable by their spurs tattoos - as in the logo for the NBA team.

Your advice will be greatly appreciated as I aim to identify the most viable areas for investment.

Then I would identify some possible investment strategies such as : Buy & hold long term rentals, Short term rentals, BRRRRR, Fix & flip, etc and see which one(s) might fit my goals and situation best and why. 

Get a new home inspection done to identify any serious issues.

Work with the city and local brokers to identify the exact product type to meet the housing needs of the area.

Banks don’t like that, nor for resale.Realize this property is part of your family history, but would have an Immobiliarie research the property and identify all issues and give a repair estimate before digging deeper into this.  

These three areas of study, if mastered will give you the basis of being able to identify, analyze and structure the “deals” that create real wealth.

Simply relying on an average CPA or general advice from forums may not be as effective in helping you identify and take advantage of all the potential tax benefits available to you. 

By way of example, if you as the GP's identified this unique rear yard development opportunity that others overlooked and acquired this land at a low basis and/or obtained all of the entitlements where there is imputed equity and let's say a bank will now finance the property at a higher LTC than normal transactions, that is an example of why you can justify more favorable splits.