Windsor, Ontario has partnered with us on many new initiatives aimed at making Detroit an international destination. 

A syndication was way overkill because there were only 5 capital partners so they customized an operating agreement with their attorney that outlined roles and responsibilities, distributions, membership interests, etc.And you don't have to have all this stuff figured out right now; it's very customary for us to assign the contract to whatever customized entity we end up forming.Just one caveat. 

Then for Property Management, I would recommend Locklear Partners and Property Management. 

Quote from @Chris Magistrado: Quote from @Jonathan Greene: I like the way you are thinking, but it's a little apple before the cart although you seem to get that you need experienced partners to make this work.

You didn't say whether you're doing this on your own, with partners, or as a syndication. 

As for the legalities of setting up an LLC to protect you and your partners, I would consult with an attorney for best judgement. 

Find a partner, find co-workers/friends/relatives you wouldn’t mind living with, find a property you can buy for less than your current rent.

Partnering with private equity firms or debt funds provides access to capital in exchange for structured investment opportunities.- Revolving Credit & Liquidity Management:Instead of taking out separate loans for each property, consider portfolio financing and cross-collateralization strategies to streamline funding and improve cash flow.- Creative Financing Solutions:Options like subject-to deals, seller financing, and syndications can lower capital requirements and increase your purchasing power while providing flexibility for properties with complex financial situations.4.

With regard to renovations, I always suggest taking incremental steps to bigger renovations or partnering with someone who has already done a renovation at that level.I've been known to just go for the big rehabs for my personal investments here in Chicago , and during that process, it's always more stressful than it needs to be...As far as navigating the competition, I've found the best thing I can do is get EXTREMELY CLEAR  on what I am looking for; then I am confident pulling the trigger quicky. 

If you have any tips, resources, or advice for someone just starting out, I’d greatly appreciate your insights.Some specific things I’m working on right now:Building a strong buyers list.Identifying motivated sellers and honing my outreach.Learning the ins and outs of structuring win-win deals.I’m open to partnering, collaborating, or just grabbing coffee to exchange ideas.