Many small multi sell for higher “cap rates” because they are being owner occupied by emotional people. 

If you are getting a loan from one entity, you do not really need to be discussing it with a syndication attorney but any loan docs and agreements you should have an attorney review.The people who would need the attorney are the people forming the LLC as they are each pooling funds and would need to determine who is in control of the entity, what if someone wants out of that entity etc.

I personally wouldn't recommend condos because you don't have a lot of control over the HOA, which is an unknown variable in terms of cost.

They have a MAJOR conflict of interest - they don't get paid until they place a tenant, yet they have ZERO liability for the performance of that tenant.If you hire an agent, you better make sure you retain control over screening & approval.

Climate-controlled units commanded a premium, with asking rents of $271 per unit compared to $234 for non-climate-controlled units.

Tell them the gym will be in your unit with a separate entrance where you could control the hours it was open.  

Plan for the Long TermTax Planning: Understand tax implications and consider strategies such as 1031 exchanges for deferring capital gains taxes.Estate Planning: Develop a plan for passing on your real estate investments to heirs.Additional Tips:Stay Disciplined: Stick to your investment plan and avoid making emotional decisions.Continuous Learning: Real estate markets evolve, so stay updated with industry trends and regulations.Risk Management: Be aware of risks such as vacancies, unexpected expenses, and interest rate fluctuations.By following these steps and remaining committed to your goals, you can progressively build wealth and achieve financial freedom through real estate investing.

If that idiot comes along, you can't control that or do anything about it.

Do not let your emotions prevent you from making sound financial decisions.

I'm in miami dade county as a focus area only if you consider ground up but I'd pass on auctions because they are sight unseen most the time and it's all cash purchases typically. you have no control. in land development and real estate development you have full control of every part of the process. don't buy something 50 years old or 100 years old.