I plan to use the 10k Club to make money by being a bird dog for times when I don’t want to go deep into the process to make a profit.

I don't think people realize the huge difference between a syndication with one single asset like a multifamily in it versus a real estate fund which is way more advanced and only offered by more experienced sophisticated and deep pocket Fund managers in real estate. 

If I'm flipping, my discount needs to be deep to create a spread. 

Vetting Potential PartnersOnce I find a potential partner, what are some key questions I should ask or red flags I should look out for when vetting them?

If you really want to dig deep, pretend to be a renter and schedule a walk-through.

Each week, I personally analyze the MLS, leveraging my deep knowledge of South Florida’s short-term rental market.

It certainly could be a red flag, but not necessarily.

The first step I'm doing is checking with the city zoning to see what they would allow before I get too deep with looking at plans, financing and construction. 

Having developed a majority of my career in CA the regulations and red tape for construction and development are intense. 

We try to get the DSCR to 1.2 before really diving deep into it.