this depends on three things:1) your work ethic and personality2) your hunting and acquisition budget3) your timeTIME: If you're working full time, door knocking is out of the question.

Looking for something with low acquisition cost, and meets or exceeds the 1% rule.  

Some syndicators have so many fees (acquisition, construction management, asset management, capital event, disposition) the syndicator is going to get rich even if the deal produces zero return for its investors.

We’re considering whether to do mid-grade updates and rent it soon if we can find a good next property though acquisition and ongoing costs are a problem.

We set up our CPA, LLC, website, marketing plat forms (social media), investor (sponsors) list, I have an operation manager, acquisition manager, and myself leading the charge.

Introduction:My name is Peter Firehock, I am currently an Acquisitions Associate for a multifamily investment fund in Washington D.C., BPG Holdings.

@James Zobrisky Relying on cash flow to fund future acquisitions is a challenging proposition.

The issue is with people that don't have the ability to analyze, structure and underwrite opportunities so they close on time and become successful acquisitions!  

Hey @Jaycee Greene someone on our team handles the acquisition and lending/banking portion, we only do the monthly bank draws for construction costs!

Thanks again.GeneI would use a PML for the acquisition and rehab.