I would deploy the money in 4 different syndications. 200 to 500 unit purchases. 

I have cash on the sidelines, but I'm ready to deploy at any time for the right deal (underwriting an STR property that I'll likely offer on this week). 

Yes, these courses work for some people, but why would you pay $25,000 to learn when you could deploy the same about in a deal.

I need to deploy that equity and get it working harder for me.

However, I have a cash buyer who has the majority of his investment funds (a number with 7+ decimal points) deployed in the stock market.

We got the water shut off, home warranty company called, plumbers deployed, and water mitigation company put to work.

- How soon after fund closes can one expect to see first profit distribution considering it will take some time to deploy funds?

I am also a great believer in investing when there is distress and deploying capital when you can.

Im also looking at using a small local bank that will lend on the idea of improving the land which could open up that relationship and allow me to deploy my primary home equity differently as my 'real' goal is multifamily properties.

You could deploy your saved capital for renovations or other purchases down the line.