And as rates, economic sentiment, politics and seasonality shift in the 3 to 6 months to get market ready it can change by 20- 50k so a little bit of Crystal ball is needed.Best of luck.

I don't think appreciation gets that strong and I think your vacancies & maintenance will hurt you harder than projects.

I am not saying all smaller syndications are good places to park your money, and all larger syndications are bad but the smaller syndications who are in pursuit of the smaller checks are doing so because they are the only viable check writer for their projects, not the preferred check writer.

Learning to manage the rehab project, scope of work, contractors, etc etc.

As of last week, our partner has given us $44,000 and additionally we have paid about $49,300 into this project.

@Yixiong Pan, do you have experience managing rehab projects that are local to you?

Most rehabbers include only enough for initial demolition/cleanout, drywall scrap removal and end of project cleaning.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

As my first project I would like to purchase the property out of the trust, maybe move into my newly formed LLC, and convert to a 2 family.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).