I'd say it depends on a bunch of variable.

There are different variables that go into it but you have the ability to buy a duplex, triplex, or quadplex with your VA loan with no money down and become an instant landlord.

Hey @Jordan Dzubak, so a quick look on VRBO showed quite a few rentals on the lake.The average nightly rates is highly variable but that is dependent on size and location of course.What you can do is drill down on VRBO and AirBNB to see what is out there.

The other unkown variable is the city and county taxes.

This option comes down to the investor's risk tolerance since you will likely leverage your primary home at a variable rate.3) The BRRRR method since most hard money lenders will allow you to acquire distress payments with as little as 10% down and grant you access to rehab funding via a bridge loan.

Here are the variables you'll need:ARV (After Repair Value)Estimated Repairs (add a 10% contingency)Estimated RentPurchase PriceEstimated PITI (Principal, Interest, Taxes, and Insurance) on the refinance sideIf you know these values and ensure that your all-in cost (purchase price plus repairs) is 75% or less of the ARV, and that your rent will cover PITI + vacancy + maintenance + property management, then it's a deal worth pursuing.The BRRRR model is a fantastic way to build a portfolio and is still very feasible—even in 2024.If you're interested in more info, feel free to shoot me a DM—we can connect, and I'd be happy to assist you.

However depending on variable factors as DSCR ratio, LTV, FICO, loan amount, Prepayment penalty or not it can range from 6's to high 8's. 

As someone with no experience investing into a syndication, is this normal, a red flag, or possibly ok depending on other variables?

There are a lot of variables but this is a good ballpark number.

Have you raised your rents each renewal cycle to at least kept up with the inflation of your variable costs of taxes and property insurance?