These types of deals will be difficult to pull, though, because they normally involve a higher degree of sophistication and commitment from a seller.

There will propabaly be investor qualifications (accredited or sophisticated) but it’s a great alternative that allows folks who want to get out of a participation (hands on) ownership role and 1031 up into a more risk averse large MF building while being hands off.The sponsor will take fees of course like a normal syndication (most likely) and the returns may be slightly less, but you should still share the appreciation rights and ultimately just continue to 1031 up and up.Happy to answer questions.  

One other wrinkle in this whole thing is that more sophisticated investors look not just at the cap rate they are buying at, but at what the cap rate will be once they have stabilized the property.

@Mark Danforth I think what confuses people about "AI" is when it failed to emerge certain people simply moved the goalposts and started calling expert systems and other sophisticated software "AI".

Hi Patrick, A few things to think about:You'll need to find a property management company who will manage any deal that you buyYou'll need to meet the net worth and liquidity requirements to qualify for a loan You'll likely need someone with experience to also sign on the loanTypical structure between the LP and GP is a preferred return  and a 50/50 to 70/30 profit splitYou can have up to 35 non-accredited, sophisticated investors with a 506(b) offering, as long as you have a pre-existing relationshipAlso, do you have previous real estate experience?

it really depends on the sophistication of your sellers..

Add to this the uniquely corrupt bureaucratic environment of Baltimore City, Maryland (where I grew up)--and its creaky, barely functioning housing-voucher machinery. 

And that's where syndicators like @Omar Khan, and @Alina Trigub and sophisticated MF landlords like @Sean Morrisey can be wealths of information.  

He has 2: one that is designed to teach you how to be a sophisticated investor and a second program that is 1-on-1 coaching (not sure if you actually work w/ Brad or a member of his team). 

I get it .. that works.. and probably more complicated and sophisticated than 90% of the their borrowers will even understand.. most borrowers just show up and sign were they are told :) … So now that we get how they can possibly do this.. and again that makes total sense to me.the challenge for you will be getting something that fits in their box.without you wasting 600 dollar submission fees and appraisals..