I will have to have a chat with an accountant/lawyer to see how best approach this.

Broaden your investment tactics beyond the BRRRR approach, consider purchasing and holding properties, and evaluate your tolerance for risk and long-term investment goals.

From my understanding, the only real concern with taking the latter approach is if the other person on the mortgage/deed is someone that you could potentially not trust.

To summarize, if you are approached by a syndicator raising money for a multi-family building that meets this multiple offer fact pattern (as is usually the case) who is awarded the contact, they more than likely assumed the most ambitious rent growth, most understated cap ex costs or operating expenses or lastly the cost of equity (your return) is projected to be less than the LP’s the other bidders relied upon.

Lets goooooo Thanks for the mention @Michael Smythe,G'Day Geoff,We got your investor application and thanks for sending the POF.Our on-boarding is pretty stringent and we are known for turning down a lot of business.This approach has helped us eliminate headaches for the investor and us if we don't see a good fit.I'm looking forward to jumping on a call and discussing further and if nothing else at least pointing you in the right direction.I also suggest chatting with @Jackelyn Lee.

A more conservative approach would be to sell and do a 1031 exchange. 

So, I'd like to get some thoughts on approach... 

@Uendy Garcia Margins are far too thin to approach this as a flip.

I recommend a more organic approach of meeting other local investors, genuinely taking an interest in what they're doing, and genuinely trying to help them succeed.

Approaching it logically, an agent is a transaction-based relationship.