On the syndicator's side, we can hold a $1M slot for the TIC investor, and if something goes wrong (like the 1031 investor's buyer backing out), the syndicator can now be left scrambling to fill the lost Million in equity.Also, the 8% preferred rate is paid and accrued, so it doesn't mean the investor is guaranteed 8% COC annually.

Personally I would like Pg 1 spots 1-4.

I plan am targeting 2-4 unit apartments in SE and NE but a single family home in Northern Virginia or PG County MD may be a good starting place for a house hack. 

so one of your 'slots' is eaten up with your personal house if financed.Getting approved for loans is a whole process unto itself...

(HUD guidelines, see pg. 11). 

I recommend looking at some duplexes in pg right now.

I highly recommend a personal guaranty, if he is the majority owner and a noncredit tenant, you need that PG if he walks.

Id probably be partial in your area to either Montgomery County or Anne Arundel county due to the lower real estate tax rates in those counties versus Howard and PG. 

It took him over a week to get back to me with some very narrow time slots during times of day I previously told him don't work for me.

And for better or worse many read BP and other social media and feel that they need very high COC returns and will pass over other investments that dont meet their criteria.. you see that all the time on BP  Poster says I am looking for property with this criteria well most want a very high return and as such its common knowledge that there is a slot that properties have to fit into to create that return and its generally the C class stuff and some B..