.), are there any particular upsides or downsides of purchasing all single bedroom units vs. a more traditional mix of units for a property that size? 

@Jake Baker - That point is probably my biggest consideration.

Then he admitted his biggest mistake was not holding properties, so I asked why.

If you have two full baths it will appeal more to this group.The downside in Phoenix to a MTR is I am not sure you would get summer occupancy if you aren't the top location.

This has been my biggest discovery, in life. 

@Jonah Gunalda sponsor selection is critical—if you are investing with first-class sponsors you’ll mitigate one of the biggest risks in the syndications space.Start with this book.  

Sadly, the biggest thing is stressing that it's not section 8 housing as that seems to be the boogeyman for any homeowner.

Hello  @Thomas Sheehan,If your goal is to invest in an apartment where you don't have to concern yourself with maintenance and cap Ex, this deal (or perhaps another with similar rents and lower price) could make sense.The downside to deals like this is that your rents could eventually hit a ceiling as newer apartments (some with more amenities) become available.

If your cleaners do the laundry at the property, get the biggest one you can.Our cleaners do this at one property.

As for short-term financing, they are fairly easy to work with but the biggest hurdle is their internal credit model.