But inherently in this syndication dog-eat-dog world, at the end of the cycle someone would be wiped out.See this is the reason I personally stayed away from commercial RE, incl. multi family.

Trying to be an investor when you don't have personal finance discipline is like going to a cross fit gym when you drink beer and eat fried garbage every night. 

It is totally different if all you have is $100K and the fee eats up 18% of that.

*Feel free to skip the next paragraphYou are what you eat.

And I know it eats up time, but honestly, those are big things.

Hey Matt, when it comes to HELOC's the monthly interest will start to eat up profits after a while. 

Termites etc will eat away structure.

Extending the parking area right up to the house, means no weed eating, just some weed killer a few times a year.

Hiring a property management company will eat away roughly 10% of your rental receipts; however you won't have to worry about creating a contractor list and you may not have to deal with calls at 11:00 at night.Upstate NY is also an option.There are a couple of real estate networking events that meet in NYC.

They eat up your cash and really don't provide much value in my opinion.