If you have savings to float the negative each month and a realistic plan to push rents or improve the building, it could pay off well over time.If covering a loss every month stresses you out, you might want to run more conservative numbers or keep looking for a deal that pays for itself from day one.If you want, share your planned mortgage rate, down payment, and any renovation costs.

@Daniel Gwynn: I do not have direct experience here, and often when people post for referrals to syndicators they are fairly new to syndications, so take this as trying to be helpful, and skip over if you know all this stuff:Quick linkedin search of Danny Flores shows company has only been around since 2018. 

Here is another post on this subject from BP:Learn to Live Life on Your Terms through Real Estate Investing on BiggerPocketsPlease note I have not taken this course or have info on it, just posting what I found on a quick search of this site.

I'm actively searching in Chicago as well as it's a market that I both know and I've gotten to cash flow.

most of my clients that self manage but need help from a local to get a tenant placed simply use higher a local leasing agent to be able to handle the showings, tenant search marketing etc.I offer this service in my market and charge a months rent, and handle all the showings applications etc, and then hand over for the payments deposits direct to ownership. 

The great thing about Baselane is that it is always being improved and updated.

Meetups are great places to meet folks or you can search BP to see who else is near you.When you approach these potential mentors I'd advise having a tailored pitch where you layout exactly what you'll do for them.

I’m not local to Paulding County, but I’d definitely recommend checking Meetup.com or Facebook for any REIA or investor meetups nearby (try searching “West GA REIA” or “Atlanta submarkets”).

The higher NOI and improved valuation should allow for a significant profit.FINANCIALS- Current - $95k NOI from $98,100 of lease revenue- Projected - $106k NOI from $115k of lease revenue- 7.92% - Current CAP rate ($1.2 million purchase price)- 6.5% - Projected CAP valuation ($1.63 million sale price)- $113k rehab/sale costs- Net zero holding costs - should be fully covered by new lease rates- $430,000 - Projected Property Value Increase- $317k - Projected PROFIT - Split between me and the down payment / finance partnerCOSTS Summary:- $82k realtor fee upon selling (5%)- $30k rehab - Includes reclaiming “common” space as a new 250sf office space, and exterior paint/refresh.- 20% down payment - Partner w/ shared profit, no set interest rate- 10% DSCR interest loan - 1:1 Ratio covered with current rent, even better with increased new rent- Hold - 3 to 12 months, but holding costs would be covered by the rent In my mind, the 6.5% cap rate is very conservative for a lot of the market around here, although most higher-valued properties have property managers OR they are much larger, and well above the $100k NOI.

Searching for student housing in Vestal is not a good idea.