I'm new to the real estate investment game and I'm a bit nervous about dipping my toes into unknown waters. 

I am looking to connect with the investors there as the promotors are continuing to take Asset Management fees to the tune of $450K a year (on top of PM fees) even when their payout to the investors is around $20K a quarter (not meeting preferred) and the overall fund is negative about $450K.

I'm new to the real estate game.

Quote from @Scott Hertzog: Hey everyone,I am coming into this game a little later in life.

I want to have a game plan in action prior to reaching out to lenders. 

A borrower really needs to have at least some "skin in the game" to make lenders feel comfortable.

For example I know many who are now just lending because they are getting 10-12% short term which is far better than any cap rate on real estate. you do not have the equity upside as you do real estate but its a way to play the short game to see what happens over the next 12-24 months and decide when you want to buy.

Every situation is unique although I prefer to self manage.

There's a monthly cash flow 101 game in Bloomington through MN REIA.

Despite if it works and or what anyone says... arbitrage will always  have a special place in my heart since it was what got me started in this RE game.