Can be with money or without hard funds. 

I save a lot more money than I would if I was renting in Fairfax VA.

It takes time to deploy money.

The deal did not go through and they never returned my money.

The remaining $1.2M has not yet been accounted for.I can easily find more investors to fill in the remaining $1.2M, but I was wondering if there are banks that lend money to syndicates that could fill in the last $1.2M at least in part?

@Robel Nessro Your first down payment should be your own money, not raised from outsiders.

I recommend everyone always create their own IRR calculator as they can get pretty complex and oyu will want to understand all the inputs and outputs. we provide a basic one to those in our membership group but I always recommend build your own and understand not only the numbers but sensitivity that lines up with those inputs.If you are hard money lending thats simple as its just a column of dates and amounts for loan provided and monthly interest and points.

I see a lot of newer investors getting into the market thinking flipping houses is easy money.

After visiting the property, we realized we indirectly knew the sellers—a husband and wife who had originally planned to build there.The husband put significant work into the land, saving money by doing the development himself.

You want to work with private money, not residential mortgage companies for investment properties.