Congrats and good luck.I'd recommend against a syndication on a deal this size because you can expect the costs to be $10K+, which means you are giving up a large % of your profit to legal fees.

What are the numbers?

I would even suggest a Primary home or Vacation home to pull the cash out of versus trying to find a lender who will agree to be in 2nd lien position behind a investment property.

I just want to post this to ENCOURAGE those that are excited to get into real estate, invest in real estate, and take action in real estate in any way.

Do I need to hire a property management company to obtain the rental license? 

Day 6: Floors, Cabinets & Bringing the Home to Life!

Let's set up the scenario, say there are 100 people who all say that they want to become real estate investors and they all have $100,000 to start out with to start their real estate investing journey.

I’d love to talk with you about how your group homes are performing and what your purchase process is and what your current systems are in place.

Consult your tax pro for more details or greater clarification, or contact me.

I suspect they would not have to..