So if you're wealthy or a fund (e.g millions+ to invest in RE) buying 5-10 properties in NYC/SF etc. is much easier to manage than trying to buy 50-100 in Colombus. 

(Example 8% pref return, then 80/20 split until achieve 15% IRR, then 50/50)  The main reason most syndicators offer a preferred return is because people that invest in mutual funds feel like they are guaranteed as high a return as they would get in the mutual fund. 

I’m curious how others approach finding lenders for consistent funding opportunities.

Ive also noticed a big trend in private lenders originating 2nds and gap funding and whatnot.

At REI Capital Fund LLC, we’ve worked with a wide range of investors, from those flipping their first property to those building large rental portfolios.

For fix-and-flip investors, having immediate access to these funds is crucial, especially in a competitive market.By collaborating with an earnest money lending partner, investors can alleviate the financial burden of upfront deposits.

Leverage my expertise to connect with top-tier, peer-reviewed real estate professionals and discover the best funding options available on BiggerPockets.What You Can Expect from BiggerPockets' Concierge Service:Personalized Assistance: I'll ask 6 to 10 questions to fully understand your strategy and timeline.No Hidden Fees: Enjoy this complimentary value-packed service as a thank you for being a Pro member.Powerful Tools: Using BiggerPockets’ advanced Finder Tools, I’ll conduct an in-depth search and, with your approval, connect you with investor-friendly agents, lenders, tax professionals, and property managers.

When using a Roth IRA, your Roth IRA is a tax-exempt entity, therefore, any depreciation deductions that pass through the LLC, can't be used on your personal tax return.

I have spoken to PML that fund flips and they aren’t sure how to lend for auctions.

In theory, this is what I'm proposing -- I'll fund 20% and cover closing and rehab costs.