In recent years, the Millennial generation has emerged as a dominant force in the housing market, exerting a significant influence on trends, preferences, and the overall trajectory of the real estate industry.

Keep a large emergency fund for the low times.

If I can put down 5%, retain a lot of my savings/emergency fund, and pay less than I would renting, then it's a win. 

I do want to have an adequate amount saved still for an 'emergency fund', to replace my vehicle one day, and enough to start a small business.

It's also important to note that the bigger your emergency fund is the easier it is to take on more risk.

They may be an emerging manager that is a great operator, but simply haven't been around very long, or it could be a very experienced manager with more acquisitions connections (and presumably good deal flow) than investor contacts, so needs to market to build that network to capitalize on the good deals they are finding.That being said, these "off market syndicators", as you call them, are like "off market houses".  

I have 2 separate brokerage accounts, one basic money market account that I use as my emergency fund since the interest is higher than the bank so I keep very little in the bank, just enough to pay the mortgages. 

But I do have a significant amount of cash reservers + 12 month emergency savings.

That money is best used for an emergency fund and to find your next property. 

Emergency life situations.