I also quickly realized that the deals Lane was involved in were not a good fit for me.One of the most important criteria when selecting a sponsor is to ask how many real estate down cycles has the syndicator been involved in?

The other lesson I learned is that the right fit for me in this investing process is to long term hold the properties I purchase, rather than flip them, unless market conditions are so good that flipping makes sense.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Quote from @Sean O'Keefe: I just have an Excel spreadsheet/Google Doc template that I share with clients to help them track REPS and Material Participation.

I'd like to keep $100k equity for myself and sell the other $500k to equity investor(s) so I can keep the excellent mortgage (fixed at 3.25%) and take advantage of the cash flow and build more equity.

Basically finishing materials if you will.I can't really buy plumbing, electrical, hvac materials because there is going to be a fitting or part that they need that probably at some point will get missed. 

So I may not be a good fit for what you're looking for if you want a local tax office location to walk in with your paperwork. 

Hello - thank you so much for this excellent feedback - much appreciated

There are also various Excel templates available that can help you track expenses, income, and more.Networking: You're already on the right track by seeking connections within the Bigger Pockets community.

With over 20 years of investing experience in the area, I've seen firsthand how Tampa's strong job market, affordable housing, high rental demand, and consistent property appreciation make it an excellent choice.

For me, it’s been a great fit.