Congratulations on your enthusiasm and getting started.I haven't read the free ebook and I don't know who wrote it, but I deduce from many posts that I read that it is dated. 

My eyes lit up with enthusiasm and opportunity!

Anyway, had to share my enthusiasm about it, hopefully others can benefit from it as well. 

Enthusiasm - both were pushing that they were creative at finding the best way to play the loan approval game.

Rishel Consulting Group has a number of clients doing exactly what you asked, including one that has done a spectacular turnaround in Austin - and won MHI's award for Community of the Year in 2015.From our experience as consultants and having inside knowledge of client finances, successes, roadblocks, I would share this:It is going to take more money than just the funds it takes to purchase the homes and the community - quite a lot of it if you are going to do it correctly and rapidly.It is going to take a very well thought out marketing plan with real money budgeted to accomplish what the strategy requires.It is going to take a strong sales operation that is geared to substantially profit from each sale and to sell at a rate that generated real enthusiasm.

I share your enthusiasm for investing in syndications.

The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, and comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows the great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who know neither victory nor defeat."

Specifically, because my name is not typically associated with Black people, where my wife and I invest are not and because my speaking voice is neutral, I regularly receive a lot of enthusiasm about properties we wish to buy, sell or rent. 

I honestly did not expect to have this many responses or enthusiasm from the real estate community.

My intention was not to rain on your parade or dampen your enthusiasm...just pointing out the numbers.