Here are some common pitfalls I see for new investors from the private lending perspective:• Insufficient Funds: most lenders are going to be able to lend a first-time investor somewhere around 75-80% of the purchase price of an existing property + 100% of your estimated rehab budget (or an 80/100 loan, for short).

Common and standard note terms. 

It seems like gripes with PM companies have been a common theme lately.

The actual benefit of syndication is only if there are special event where sponsor is so smart they can make 30 percent IRR in industrial space , but for multifamily no such thing exist ..also with common waterfall these days most risks are taken by LP investor while GP reaps the most benefit.The actual benefit of syndication is we make GP very rich lol

When you have excessive and the only common denominator is the management team it is management that is the issue.

selling notes do not have to get permission from the payor on the note to be legal nor do they have to notify but its common to notify so you know where to send your payment.

:) )4) Do you heat/ air condition the common area?

I understand some of the downsides to section 8 - but if you get good tenants in your units (you do get to pick them - a common argument for investing here )I see it  most hopefully being a relaivelycomfortable cash flow opportunity.  

Quote from @Allison Park: Software is a common question on BiggerPockets.

No way, unless you're talking about a multi-family common area.