Purchase price: $300,000 Cash invested: $200,000 Sale price: $700,000 We purchased a closed 18-room boutique hotel in foreclosure, renovated the inside, and opened the hotel and later the bar and nearly the restaurant before it was sold in about 2 years.

Some options are:-No point - rates at 7.75%-Can buy down to 6.99 but cost 1.5%-Wait till next year or later when rate goes down.I also have to bring the LTV to 75%.

Now that I’m in real estate more full time I use fewer aspects of my degree as it has grown outdated 25 years later.

A year later do you think what choice you made was the right move?

So you could 1031 into the syndication, and then 1-2 years later, 1031 out if you found a better long term deal.

For instance, if when you buy you see the property will need a new roof in 5 years, is it more expensive to fix it now, or later? 

Additionally, one-time events like selling a home or making a large withdrawal from a retirement account can potentially increase your MAGI and affect your Medicare premiums two years later.  

Other factors to consider are what you plans are for the future (value add rehab, restructuring, selling the property soon, etc) and whether or not there are any events on your personal horizon that may impact your ability to refi later. 

Quote from @Derek Brickley: Hahah most of the time if you ask "are you looking for someone local so that you can go knock on their door when things go wrong" it's a lighthearted way of saying in our technological age location probably isn't as important as the other aspects. 100% and I find that a lot of my clients that "go local" end up coming back to me to fix the deal later when they couldn't deliver on their promises.  

The first is for “insurance reasons” (I’ll explain later) and the second is for “convenient reasons”.The convenient reasons we use a servicing company is an obvious one.