Depending on the project's size, construction might take around a year.

And, yes also to the HVAC- worth doing if it is that old, depending on the size of the house, it may only be $5000 to $10,000, and the new ones that are energy-certified will give you a tax credit, as well- not to mention, these will also help you sell our property faster when it is time to sell, as these will already be 'done'- not to mention, the new HVAC system will save your renters money every month in energy efficiency!

Syndicator doesn’t have expertise or experience in the specific asset type, size or geographical area that reflects the subject property9.

Investigate how to vet tenants properly, there isn't a one-size-fits-all approach, and the resources and limitations of your locality should play a big part in determining the technique you use.

I was also working on the inside of a good-sized local mortgage brokerage and had a direct link to their business.

But, at your current size, you may not need a ton of attention.Any decent REI-savvy tax advisor will save you a whole lot more than $6k/yr using basic tax strategies available to REIs.

Look at some charts to see how long it takes to start paying down the principal.Also think about your family itself-you're 22, what happens if you get married in 3 years? 

Does the client have experience with this size of complex?

I don't see how you are anticipating less than $15k closing costs on a sale this size?

Here's your oddball of the group, the deal size here is right around the size where CMBS become viable.