I'd hate for you to spend thousands on a simple paperwork drill but I also dont want to you to get in over your head.Good luck 

Allow a pets and I think you will have a great spot.Would adding that extra space/ spending that money be reflected in an appropriate increase in the property value too?

Id like to add we spend extra hours after work on wholesaling, and i do cold calling. 

He's getting numbers like $80K for a 2Bed 2Bath single family homes, additional $20 for rehab, so total under $100K and rent estimate is around $1000.

The ONLY reason to invest in real estate syndications rather than REITS is better return.  2- if you decide syndications are better for you,  spend due diligence on vetting the syndicator - eliminate any that do not have the experience, verifiable track record, or investment philosophy you want.  

In addition, you have no experience.

I believe this situation was handled in a way congruent with BiggerPockets values and ethos - information was discovered, we gave the user in question an opportunity to respond publicly to the allegations, other members of the community chimed in to make comments and ask questions of their own, I made the decision to close the post because I believe many of the top viewpoints were discussed and I didn't want it to turn into shameless trolling with no additional value, that whole thread remains up for community members to view into the future for transparency and anyone who reads it can form their own opinions with the information presented.

I was prepaid 1st 6 months of interest. 8 months have passed and no additional payments have been received.

In that case you would be buying the house subject to that existing mortgage and borrowing an additional $100k?

I'm in no way affiliated with this company but here's a link that may come in use should you need any additional forms in the future @Morgan McRaehttps://www.firsttuesday.us/in...