There are many ways to skin a cat in syndication.  

Does the sponsor have skin in the game?

The buyer must have 20% to 30% "skin in the game." 

and you can find an almost unlimited variation on risk ( from low to high leverage, both floating and fixed rate debt, from no to high skin in the game, etc).

You have no skin in the game! 

While completing a Cost Seg study, they were very resistent to me using 6% and because of time-sensitivity, I decided to default to the "rule of thumb" method that you mentioned and used 80/20. 

Anyone who aspires to be a wholesaler and reads this forum, grow a thick skin.

Problem is theres slim to none investors that are going to allow you to get into a property with zero skin in the game. 

I can’t stress enough how important it is to stay focused and avoid some of these common pitfalls early on.Quick thoughts:Find the right Realtor – Make sure they’ve got some skin in the game with househacking or investment experience.Budget = Game Plan – That pre-approval is your marching orders.

It depends on how price sensitive your market is  Also, you said there is a lot of competition.