An institutional investor with a history of working with syndications in these kinds of deals is going to have a much better handle on fair and realistic fees the syndicator should be collecting for those services versus a bunch of lps that may be working on the first syndication deal and frankly glosses right over those issues when they see 15% annual returns and a nice fat cash bonus on the planned exit.

Getting to know the towns, neighborhoods, streets and actual properties is essential and far more important than just one town name versus another.At this point, you don't know anything about your future tenant, so I wouldn't assume they are trying to get to the city.

Hi Bob,If the LLC is a single-owner LLC, is it still crucial to have an attorney create the operating agreement versus a service like LegalZoom?

It could give you insights into how the deal is looking versus what is being reported to you (hopefully this aligns pretty closely).  

This is the portion of your payments that is applied to reducing the principle on the loan versus paid to the lender in interest.

You are relinquishing a lot of power, and when you are constrained by time, like a lot of the bridge debt out there, you're taking on additional risk.That being said, if you have a terrific opportunity and can execute, you need to weigh the cons versus funding your deal

We have bought through this realtor before.I selected a Buyers broker to represent me, versus working with the Owner/Realtor to buy his ground. 

Low offer versus high potential.

You can also look at the home for the ARV potential.For example how much will it cost to renovate versus the ARV in 6-12 months to then use the equity doing a cash out refinance to buy another property.

Typically larger groups have more people splitting the cost and it has not affected us in occupancy versus our close competition.I would maybe be wary if you are in a hyper competitive market or market segment.