Having a strong understanding of your "walk away" price (maximum you're willing to pay) gives you leverage and prevents emotional decisions. 

The process would be much slower yes, but you would be preventing the debt pile up. 

We anchored the top of the machine to the wall to prevent it from tipping over.

Acquisition is the root of real estate investing - if you can master the systems and processes around that you will have a skill that can be translated to bigger and bigger deals.I'd advise against developing on your own at first - if you find a partner that is knowledgable then go for it.Syndications can be great, they also can be horrible.

It prevents the seller from trying to sell to a different buyer and the title company will catch it. 

Sometimes it's not the tenant's fault - tree roots, collapsed pipe, old materials from a previous tenant, etc.

I only give them a short time (usually 5 days total from the contract to hold) to meet for the lease signing before they lose their exclusive rights to the unit, so this prevents someone from dragging their feet after they've signed the contract to hold.Once the lease is signed, I take down the ads and send out emails to people in mid-marketing flow letting them know that the apartment has been rented but I will reach out if something falls through.

The absence of independently audited financials coupled with an abnormally high interest rate is what prevented me from proceeding any further. 

With a number of those rehabbed units now complete, our income and our occupancy is now increasing (and continued to be strong in July and August), even during a pandemic that prevents people from coming out to get tours.

I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.