Your property management should send you pretty clear reports at the end of the year so as to obviate your need for such.If you have more than 3 units and self manage I suggest software - especially if you are considering expanding.I find Stessa usefulI also use buildium but not incredibly thrilled with it.  

There are a lot of groups out there right now that had made-for-TV track records that will likely not be in business in a couple years.Focus on the experience of the team, how long they have been in the business, how many market cycles they’ve survived, their philosophy on leverage, and how many properties they bought in 2022/2023 (a good answer would be few, a great answer would be none).And do yourself a favor and read The Hands-Off Investor (in the BP bookstore) before you invest a single dollar in a syndication. this was incredibly helpful, thank you Brian.

Ok so 1st get off the internet, waste of time 2ND, no demand for sec 8, (like I said get off the internet) MASSIVE demand.

Having said that, another BiggerPockets member has discovered some new information that I find to be incredibly important information.

The internet leveled the information asymmetry and I visited all the houses I wanted during the open houses. 

Eventually, with time and experience, your knowledge and confidence begin to align more realistically.This concept is incredibly relevant to real estate investing.I encounter this often: an investor seeks advice but quickly tells me how much they already know.

Often, these numbers sound incredibly high relative to the loan amount.

That is one of the most incredible benefits of being in the service. 

Quote from @Carlos Ptriawan: totally agree, key point is don't lose money by not having complete understanding of future risk.we're in the great collapse of CRE market and LP is destroyed because the passive investor is the dumb money, time is important but not to lose money is incredibly even more important , the total collapse in many commercial real estate sector is way beyond 2008 as it seems.Carlos, where are you seeing that "we're in the great collapse of the CRE market" ?

Always meet your borrower in person  do not do these deals over e mail and internet.2.