Here are a few strategies:Start with 2 to 4 units to build a track recordCreate a thought leadership platformPassively invest in a few syndicationsBring on a sponsor who has a track recordSurround yourself with a spectacular teamRaise capital and parnter with someone who has operational experienceIntern with an experience syndicatorHire an experienced syndicator as your mentor

Now I own 12 site managed communities that are 160 units to 314 units via syndication (where my partner and I are the sponsors).

The process of completing the required education, PSI examination, and deciding on a sponsoring broker were all easier than I expected.

A lot of folks in the Sponsors are active here on BP and/or you'll have folks talking about them.

I've been following some of the larger sponsors and syndicators that have announced plans to launch a QOZ fund with great interest and have listened to several webinars.

Start by attending a couple of local events near you, talk to the other investors and event sponsors and then join the group(s) that you feel most comfortable with.

There will propabaly be investor qualifications (accredited or sophisticated) but it’s a great alternative that allows folks who want to get out of a participation (hands on) ownership role and 1031 up into a more risk averse large MF building while being hands off.The sponsor will take fees of course like a normal syndication (most likely) and the returns may be slightly less, but you should still share the appreciation rights and ultimately just continue to 1031 up and up.Happy to answer questions.  

If you have a legitimate business in place then the business would sponsor Solo 401k.

Additionally, his equity split is Investor Equity (80.0%)Sponsor Equity (20.0%), is this also typical? 

This usually involves a forced sale of the property at public auction with the proceeds of the sale being applied to the mortgage debt.401(k)/403(b)An employer-sponsored investment plan that allows individuals to set aside tax-deferred income for retirement or emergency purposes. 401(k) plans are provided by employers that are private corporations. 403(b) plans are provided by employers that are not for profit organizations.401(k)/403(b) loanSome administrators of 401(k)/403(b) plans allow for loans against the monies you have accumulated in these plans.