Anyone who has invested in real estate has probably considered or participated in a partnership.

I have three different neighbors who all share a portion of the fence I will be replacing and luckily they have agreed to participate in splitting the cost for their section of the damaged fence.

So if you want to scale quickly and participate in big complexes, you pretty much will need to invest in a syndication.

We are trying to move funds to a SDIRA and our financial advisor highly recommends not participating in a syndication (of course he doesn't want us to move our money), and passes the buck back to the custodian to move our funds to a SDIRA.

Even if your MAGI is under the $150k mark you're not mterially participating in the activity.

I’d suggest starting out by networking with as many other investors as possible and be an active participant in the forums.

It's unfortunate, but there's few builders and developers on BP as a whole, or at least there's few that participate much in the forums. 

In case you are eligible for the Solo 401k, here are some of the benefits it would offer compared to a self-directed IRA:Solo 401k contributions limits are roughly ten times higher than IRA limitsThere is no custodial requirement for the 401kYou don't need the additional expense and administration of an LLC to have checkbook controlThere is a built in-Roth component whereas IRAs are either traditional or Roth, not bothA spouse can also participate in the same Solo 401k planThe Solo 401k has additional tax benefits over an IRA when investing into real estate using leverageThe penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)

@HJ WangIf your spouse is employed by sponsoring entity, she can participate in the 401K plan.

I think iBuyers are a valuable participant in a healthy housing market.