Quote from @Robert Gunn: I would also be very interested in hearing student or JV experiences with Pete and his program.I stumbled upon him by chance and for fun (I've been investing in land for years) signed up for his "free" course, which he promises after he pitches his $499/mo software system (which is basically an overpriced CRM) and then after the first "Level" in the course, you are directed to a pay page to access the rest of the "free" course.  

.: It has been a while Norada and Lane was on my "bizarre investment" watch list with their return level of post-usury level that can't be beaten or understood in this market in 21st century.Exactly!

It is not always about stats.Recommendations:Neighborhood-Level Research: Don't just look at city-wide data.

I am not really interested in taking the land to any of those levels.The course I mentioned gets into some of the next level.

What is the appreciation, condition, community, class level and vacancy rates?

I think the reason that Grocapitus or Neal Bawa were not getting much response either speaks to their level of participation in BP (Neal obviously doesn't spend much time here), or the fact that unhappy LPs were shy, or happy LPs were shy, or BP does a poor job of really getting posts noticed.

Real estate's "gross rent multiplier" is Wall Street's "sales to revenue",  "cap rate" is roughly "P/E ratio".When evaluating markets and investments I tend to start with GRM (or lazily the 1% rule), then attempt to return a cap rate based on assumptions about costs, then I work my way to multiple years of projections (assumptions about inflation, amortization, tax benefits, etc), and if I am partnering with one of my smart friends I have to pull up an IRR (internal rate of return).I also look at regional employment levels, median income to rent ratio in the zip code etc. 

They need to have enough disposable income to where they are not dependent on a high return, they need to be adventurous, they need to love the idea of owning a property in Costa Rica, and they need to have a very high level of trust in you and your ability to manage a property well in another country.

@Dave Meyer, while I like the idea of this thread, I think there are a lot of nuances that go along with this.At surface level, I am in 4 syndications, 3 of the 4 are paused.  

Our family had a summer home that had an open metal roof over part of the patio, and when it rained everyone was uncomfortable with the noise level.