Big syndication goals but not as much personal wealth as I would have hoped to start out with.My thought process (and this has been validated by numerous syndicators) is to partner with another syndicator (as the GP) on a few deals to build the track record and funds.

I have heard/read mixed opinions on getting an LLC before you complete your first deal or waiting until owning numerous doors.

If you're going to work on base, there are some great places around Indian Head I would consider before Waldorf; 20 years ago a different story, but because of numerous "smart growth" initiatives without infrastructure upgrades including light rail, reality is it's really difficult to get around and the quality of life is better in the outskirts. 

Really this question can be boiled down to a math problem, if you are seeking out the highest numerical outcome.

Nobody has to do that and that's what he is asking about.If you insist on collecting your wages from your employer cash in person there are going to  numerous occasions where you don't get paid on the date and time you want to.

Also at some point not paying the closing costs on each conventional loan will be a fund saver.I'm happy to elaborate, but in short, at what point should one try to buy numerous units at once with a commercial loan instead of one at a time with conventional mortgages?

We're very familiar with the suppliers and tactics of all the TK's in Indy. 

I've found numerous single family homes or condos in Englewood that are very spacious, nice looking, up-to-date, and very affordable (less than $100k).

Being new to an area it's always a challenge finding subs and suppliers to get bids from etc.

They've seen the ups and downs of the local market and have many connections to valuable suppliers and labor pools.