As sponsor you have a VERIFIABLE track record of success in same or at least similar investments 2.

When you are getting into raising big dollars from sophisticated investors they are going to want to see a track record and a well thought out and detailed business plan.

While there are definitely benefits to running a fund, it's tough to achieve success with funds as a beginner because oftentimes investors are attracted to the track record of the person or team running the fund. 

If you cant meet GPH you need to sprinkler the houses so add 8 to 12k per track house to the build cost and oh by the way we need starter houses..

Hire a company/person that is solely a QI like @Dave Foster they do it every day and will keep you legal and on track. 

They know my track record, etc.  

It was a relief to have the unit back on track!

But then because they have established such credibility, they can easily buy now with great rate and terms from lenders because they have the track history. 

I've done pretty well as a relatively novice investor in the stock market, just investing in S&P 500 tracking index funds.

They already have a track record (good or bad) with you, so you can decide based on payment history, inspections, etc.