We get all of our new leads from referrals right now, but I'm trying to grow even faster by trying to be helpful to folks here on BP! 

Facebook groups may have in person meetups or Zoom video meet ups. 

I wanted to burn down two houses on my 90 lot development.. not as easy as it sounds at least in Uber permit crazy oregon.. you needed lead and asbesto's test then remove those if they are present..

Lastly, if you still decide syndications are appealing, get educated on how to vet the lead sponsor (including deep background checks), the market, and the deal itself (even though some concepts are similar, it is not the same as the single family long term rental analysis).

Got the lead from the cold calling agency I use.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

This often leads to complacency which is seen by the trail off of attendance at these meetings.

If I convert those monthly nets into annual nets and plug those in to see what amounts of cash in would lead to those results in each case, I come up with:Scenario 1: $2000/month ($24000 annual) to equal a 12% return means you're in $200,000 cash. 

I know a broker who spends like 20k - 30k per year in buying leads, paying for blast emails, buying lists of names of investors, etc.I like to meet people on the personal level first, I feel like people are way more responsive if at first I help them by answering questions, or offering advice, provide them with incite, etc.Most people do not know what they are getting into in those first deals, which is why we hear so many nightmare stories. 

Assuming this is in fact a good deal, and your friend is a qualified GC, instead of trying to be the lead investor, he should be searching for someone who has the balance sheet to take down this deal on their and be a transactional participant.