Ideally I would like to partner with someone on my first deal where I can supply the capital and learn how to be an operator in this space through hands on work through the life cycle of the deal.

When we do partner with another firm we remain active asset managers and partners throughout the life cycle of the deal.My point is there are legal ways to do what you want to do but you just need to structure yourself the the right way in consultation with your SEC attorney. 

All investments have a lifecycle and exit.

@Jackson Spiggle,Your time commitment will vary based on the stage of the tenant lifecycle that you’re contending with.For instance, are you trying to get a vacant unit leased?

Honestly, I think you can do well in most markets if you 1) have a thorough understanding of the market or a partner that does, 2) have good boots on the ground in the market that can watch your investments, and 3) have the resources availble to care for the entire life-cycle of your investment.

Hi @Steven Nguyen, you'll find many builders averse to selling their homes to investors, but fortunately there are others who will and this can be done with success.As you stated in #2, the primary benefit of new construction is that everything in the home is at year 0 of its lifecycle. 

I would look at overall lifecycle cost.How is your insulation in the basement?  

We have to buy right and add value to absorb the inefficiency of 3rd party management over the life cycle of the investment. 

I am proposing to track the entire life cycle of an urban infill 4-unit rental housing development project in my hometown of Long Beach, CA.

Finally, you need to think about your exit strategy and what the entire life cycle of the syndication will be.