All of the above.Grind culture dude, run a tight budget & cast a wide net.

@Phil Petite, again, I only mention this, not to convince you to do something different, but to make sure you are looking at it eye's wide open.Section 8 does not provide any additional security.  

I think the key with MTR is gauging the market and casting a wide, but calculated net at first.

It's like comparing a wide, stable & safe pontoon, to a speedboat. 

The whole rent control law comes from state wide rent control laws 1946.2.

I have tried to find potential syndicators by literally tracking down who bought apartments that I see clearly have new owners... but in each case, to date, the new owner appears to not be open to outside investors (and so far no local outfits), so that's not working out.Kurt, due to my industry expertise, I have a very wide network, and work with hundreds of syndicators nationwide.

Yes, to an extent.

WIDE open for mortgage fraud..

However this is exactly what I did to ensure (to the extent possible) both INSIDE and OUTSIDE asset protection.  

Make sure your back is wide enough to cover your own, and the floor is not that far from your comfort levels.