Building a Successful Multifamily Syndication Team: Essential Skills and RolesMultifamily syndication is a powerful investment strategy that allows investors to pool their resources and acquire larger, more profitable properties than they could individually.

Having water and sewage back up into your house is going to be a costly repair.

They will be the boots and eyes so eventually will require more return.If you are both newbs, this is a disaster waiting to happen, to pool money on something neither of you know how to do.What are you planning to do with 100k?

The basement also houses all of the mechanicals usually, so you would be sleeping with the furnace and hot water heater.

So, I realize a similar question was asked, but does FNMA ever sell mortgages or pools of mortgages at current NPV?

It would cost around $3,500 to safely get my head above water with the licensing expenses, and I currently do not have that much, as I have most of my money currently in either a retirement fund or going toward college.

The unfortunate truth about cheap properties is that a hot water heater and a roof still cost about the same as a proprety in a more expensive areas so your repairs/vacancy/capex is going to eat up a larger % of the gross rent than a more expensive property even though the $ might be similar.

If you're thinking about renting out when you're not around, I'd advise using a short-term rental strategy, the numbers are strong and it's a lucrative market.The attractions there range from zip-lining, white-water rafting, and wineries, there's even more to discover, which is what's driving more traffic to the area and it has truly become a great destination spot. 

The seller paid like $500, I paid nothing, and they replaced a water heater.

Golf cart license are being restricted due to to many people, sinking foundations- either to close to unrestored sea walls or not enough pilings or fill dirt not allowed to compact, off grid experience, check on sewer and water infrastructure- when the water pump went out, the island shut down, the islands systems are being overloaded, what type of experience and thus rental rates are you shooting for?