Of course they will also require experience on behalf of the principle so this may not help your current situation just like #9, but something to think about as your career progresses and once you have some experience under your belt.

I ran the whole project and he'll just be updated on progress.

I ran the whole project and he'll just be updated on progress.

Deal is still in progress.

All else aside, given the amount of rent you could be charging it may be an idea to sit down and develop a long-term (2-4 year) budgetary plan for the unit/complex so that you can 1)gradually increase rents to a more uniform standard--as one member stated, "if they are all comparable units, there shouldn't be a drastic difference in the rent amounts" 2)eventually get all the units with equivalent or comparable upgrades (to keep things even with the neighborhood comps based on ammenities), and 3)ease your mind about the financial plan and trajectory of your complex (so you can just follow a predetermined plan and adjust when needed as time progresses).

I would think that a 13 year term loan, as long as the LTV is reasonable, would provide some security against any potential upcoming downcycle in the RE markets.But aside from the anticipated length of the deal, the far more critical factors are to evaluate each deal with cautious skepticism and also closely evaluate each sponsor's track record and especially how they performed during the last real estate cycle (sorry, but that eliminates 99% of syndicators here on BP, despite there being some very talented ones here). 

I'd put 5% down for this, take on roommates, see how you like the experience and then re-evaluate in a year or two. 

My condo cash-flowed, yet the condo fees here are significant, so you need to evaluate each deal for what it is individually.

I really think I need a broker - but only to evaluate the market.

As such, if a private deal or something through another realtor ends up in my inbox I’ve gotta at least evaluate it as a possibility.