PE Fund raises $1mm as equity financing to purchase rentals.

This podcast really spoke to me as my partner and I are in the midst of a big fundraising effort. 

My first thought was to build a small multi-family, I was going to bring some friends into the deal to ad a network for fundraising, etc, and or potentially get plans in order, and find someone to sign to the loan, and give a down payment for an equity stake.I am young with very little capital and am in need of some advice to either affirm my beliefs or point me in a different direction.

They even offered a five night stay at the annual fundraising auction at their children's school.

I have long term goals to 'buy the block' in inner loop Houston which would require significant fundraising regardless of my bank account, but there's still more I don't know than I know in that world.

In my VAST experience (2 deals) involving churches they ended up fundraising and borrowing from their parishioners.

It is from a lawyer who handles the fund raises for some of the investors on the BP site.

What software/tool would you recommend to use as a Fund/Syndication Manager to Manage deal flow, investors, reporting, fund raising, etc.

I don’t see the point unless this is some sort of fund-raising pump and dump scheme, but I can't see how a savvy accredited investor would participate in this anyway.

Sometimes I think it helps a lot to know the market, know what you are buying, and knowing the nuances....like which school district you want to be in, what side of the tracks are the good/bad areas, is one area better or sell for more than another area....you have to know what is a deal or not a deal...that's often tougher to do long distance I think....I've talked to a fundraiser that is based in Dubai, raising money for syndications in the US.