That property is now a reliable source of rental income and a constant reminder that success starts with taking action, learning on the fly, and embracing challenges head-on.

The one cost will be getting the units furnished, but if you live in the area it isn't hard to source a bunch of decent 2nd hand furniture on Craigslist or FB market

If not I will consistently update here to create the biggest outreach I can considering my age!!! 

Nobody likes to work hard in the heat.The biggest concern in the past has been winter, but 2024 was the warmest year on record and we have seen +3F on average in every season, which really took the edge of winter (you can call it brown grass season now) while summers are pleasant 75-85F.The cost of living is low, yet the quality of live is relatively high.

My biggest concern is not the concept itself.

As someone just starting to explore syndications, I’m curious: what’s been your biggest challenge in managing diverse investor expectations, and how did you overcome it?

Simple answer - yes you can alter your funding source after putting it under agreement if you chose to use a hard money lender instead - i would just communicate with seller that hey I was going to use cash (assuming you have it from your heloc) and instead will finance some of it but let them know its not contingent on financing.

That is probably the biggest difference overall along with the 30 year loan term here being most common. 

The biggest devastating factor I would say is tornados. 

They're the ones that have taken the biggest hit.