We only have 1 property with a perfect 5.0 and it is a matter of time before someone with unreasonable expectations gives us a 4 or lower.The strategy we are taking is to use the rebuttal as a way to advertise the property. 

I've personally worked with a handful of "investor-friendly" lenders, primarily on DSCR loans in recent years, and each time I've run into significant delays, lack of transparency about the process, have been fed the requirements in a piecemeal fashion (every few days there's a new random request rather than having it all organized from the start), and have even run into lenders who were substantially misinformed about the real estate industry or the laws that govern it on both a local and federal level.I think there should be a better site to encourage accountability by tracking how long it actually takes each lender to close their loans on average, and what unexpected hurdles investors encounter when trying to work with them.I can't seem to find such a site.

So it's unreasonable to ask for a general price because any number that someone gives you site unseen is either: so low that the builder will eat the cost, lucky and spot on, so high the builder covers the worst case scenario but the investor would over pay if there are savings because certain things I mentioned above are applicable. 

Your biggest hurdle with this refinance is going to be the negative cashflow.

I'll just make clear to him I won't be accommodating requests I perceive to be unreasonable and that if he's looking for more of a hand-holey type of experience, he should look into a building with a doorman up North.

I agree with you, I don’t feel like their price is unreasonable but I couldn’t figure out how to make it make sense.

Looks like a major hurdle for newbies is simply knowing who to sell deals to once they lock them up.

Seems on a couple San Antonio apartments we are struggling to get over that 91-92% occupancy hurdle This might be why - https://www.multihousingnews.com/…/san-antonio-multifamil…/…

He purchases a duplex primary home this year and in 1-1.5 years he purchases a nicer larger 2-4 unit, maybe in a more desirable area – that would make sense and generally get approved with primary home financing assuming of course he was going to occupy a unit.The whole strategy he plans to employ requires a “move-up” each new purchase and he already has a SFH which causes a big hurdle in the “move-up” strategy so once again selling that would behoove him.The plan he didn’t mention which is really the only plan that will work in the short term is:Sell current primary homePurchase owner occupied 2-4 unit with 5% downPurchase additional; 2-4 units with 25% down with the remaining proceeds from sale of primaryI am happy to make an introduction to Richard if you would like to discuss further.

The main thing I learned from looking into syndications is properly vetting whoever you're investing with and finding out how they weathered major hurdles like the 2008 crash.