Not all syndications purchase properties with variable rates, if anything the group hit hard are those that raised money during 2021 & 2022 at record low rates and pushed quick turnaround value adds.

First, a super quick refresher.

On the flip side, traditional financing typically offers better rates and longer terms but can take longer to close, and you’ll likely need stronger financials.If you’re trying to balance speed with cost-efficiency, it’s worth considering your project’s needs and how quickly you need to get funding.

Will the cash flow from the new property quickly pay this back?

Despite the guru fed “misinformation” about all these under market price deals, they are actually very rare and require (1) the investor recognizing value that the seller and the rest of the market misses or (2) a seller with a need for an immediate sale and a buyer with the CASH immediately available to conclude a very quick closing usually forgoing inspections, financing, and other contingencies. 

However, the fact that your tenant intends to pay $800 through the app while their rent is $1,200 raises questions, it’s worth clarifying whether they plan to pay the remaining $400 separately and how that affects both of you.Before signing up, consider reviewing the app’s terms, checking online reviews, and confirming how quickly payments are processed to your account.

There is a quick calculation tab for a ten minute analysis but it is capable of far more than that in my opinion. 

I move along past the wins very quickly but sit with the normal and foreseeable challenges/issues for a really long time (and react like they came out of nowhere even though they are normal and did not).I've always been tempted to scoop up a house back home in IL.

TIAMichigan is fairly easy on Michigan Lara website it’s $50 to open a new LLC and they’re fairly quick with their turnaround.

A quick google search will point you in the right direction.