.: Quote from @Adrian Clapp: I've invested in 20 syndication deals over the past three years.

You need sufficient rental income to cover your expenses, or you bleed money. 

With your experience, having sufficient capital to cushion any mistakes is important.

They usually have a step down on that penalty like 3% year one, 2% year two, 1% year three and so on and so forth.So if you are buying a deal with the intention of rapidly increasing it's value in less than 24 months in order to refinance it and pull your cash out, you might want to go with a credit union for the acquisition financing because FCUs are barred from charging pre payment penalties.I could talk about this for hours about all the nuances but my fingers don't type that fast lol

If you join the GYM and don't go, you wasted your fee.The normal entry to the program is at one of the three 2-day Rat-Race to Retirement (R2R) events each year (March, July, & Nov). 

If I were you, I would really try to narrow down the search to three specific cities that you're interested in.

This extra year gives property owners more time to schedule inspections and make necessary repairs.Key Points:Applies to multifamily properties with three or more units.Covers balconies, decks, and elevated elements made of wood or similar materials.Inspections must be completed by licensed professionals and repeated every six years.Hazards identified must be repaired promptly.With the extension, now’s the time to plan ahead.

Another benefit: three friends renting together typically need their own policies.

If it were me I would give them two or three months and respectfully answer their questions but also let them know what your ground rules are regarding taking calls and how you handle things - in other words be polite and also educative as to how you handle things.Good Luck!

This will help you gauge whether the rental income will sufficiently cover your mortgage and expenses.Financing Options: With your plan to put 5% down on the single-family home, make sure you understand how the financing works for the construction part.