Two sponsors can structure their syndications with identical assets and execute the same way meaning the underlying real estate will perform the same but sponsor A uses 50% bank leverage and invests no capital into the deal whereas sponsor B uses 75% bank leverage and invests 10% of the committed capital.

I reimagined my business image, honing in on my true identity and aspirations.

As a PM, I would be worried if a new owner did not ask me at least some of the following:- Company Specifics: first question should be are they licensed (how many properties do you manage, what type/class of properties do you manage, how many property managers on the team, how many years have they been in operation)- Pricing (what is the cost to manage the property (ies), is there a leasing fee (commission structure), is there an onboarding fee, is there an early termination cost, are there ad-hoc costs for maintenance, tenant screening, or miscellaneous costs - such as to appear in court if you have an eviction)- Service offerings (do you have a maintenance team, do you come equipped with a list of contractors/vendors, do you offer the software and portal access for tenants/owners, etc.)- Financial Services (you (owner) should think about what you want the PM to handle, if it is everything from paying bills to insurance procurement to P&L statements then ask that, if you don't want the PM so heavily involved in financials and just more on the surface level of the operations of the property then that is okay too!

For illustration purposes if there's a block of identical homes of the same vintage and one was just renovated and you intend on renovating the same vintage home to the same specs (and was of same pre-renovation condition), you can make reasonable assumptions.

However, if the FL LLC is set up with a WY LLC (or other LLC that does not disclose the identity of its member/mangers), then anonymity can be achieved.

You need money to be an investor, are you equipped coming out college with a windfall, trust, or another form of capital?

It's my business, my passion, and I guess my identity :)

Wiring money to a scammer overseas instead of the actual owner of the property (this one is getting more and more common, the "seller" steals the identity of the actual seller, and takes the buyers money then disappears).

California investors come significantly more equipped than average investors.

Equipment has gotten far less expensive also.