Consider thinking about CAP rates as 'measure of risk' and relate it to your risk tolerance.

Comes down to personal values, goals, risk tolerance, and time.

Nicholas, When vetting a syndication, every investor will do it differently because every investor has a different risk tolerance, comes from a different financial situation and has different financial goals.

Currently I think 200k being the upper limit of investment makes the most sense and is within my risk tolerance range.

Nor may appreciate your risk tolerance level.1.  

Ultimately, it’s about what aligns with your budget, risk tolerance, and long-term plans.

The right strategy for you is going to depend on a few things, like your risk tolerance and how much cash flow you need to hit your goals.

If not, you will want to be sure to define your own deal preferences and risk tolerance.

However, based on your risk tolerance, you need to decide whether to file now or wait.

Lack of down payment, lack of entrepreneurial personality, low tolerance for risk, looking for the magic key that fits their desires, just want to learn, sold "Castles in the sky" with a gibberish of disconnected statements that while true in a plethora of instances do not add up to truth in any one instance, fear of failure meaning not able to take a financial loss without going into poverty, never told up front how much money they will need to spend to buy the investment in addition to paying for the class.