Navigating these aspects thoughtfully will help you decide which rental strategy aligns best with your preferences and overall objectives.

To be clear, the objective is not to trade financial instruments, but it is a level of sophistication that you rarely hear about on these forums.Or, as you mentioned, being able to raise capital commitment facilities so you can essentially go into early Fund deals all debt, often at very low rates due to credit quality of the investor (institutional funds), and therefore you can get roughly a year of operations under your belt before calling any capital or owing any pref.I align with you that there is nothing wrong with syndications, and some great syndicators out there.

Brokers have access to a wide range of lenders and can often find specialized products that align with your needs.Remember, lending policies and products can change, so keeping an eye on the market and regularly reviewing your options is advisable.

Syndications is a business that requires full understanding and complete legal alignment with SEC rules.

If you resonate with someone in the group, set up a Zoom meeting with that person or people to dive deeper.Conversely, you can set up calls with sponsors to see if your interests align with their's and if they are active in the markets you have an interest in.The cost of syndication alone can take a bite out of returns, but annualized returns for the LPs (limited partners), can hover around 20% when you combine cash flows and disposition.

Quote from @Nicole Collins: @Noel Mojica Plans cost me $4500, So far Ive paid my contractor $15,000 and that includes all utilities, sewer, framing, windows, basically everything so that I can go in and put in dry wall, and the finishing stuff (dry wall, kitchen, bathroom, floors) That seems aligned with what is going on right now, we paid $7,800 for plans and then $13,500 for permits on our detached garage build in Redlands, Ca. 

Just to add: as a first-time real estate investor, it's important to carefully consider your options and make a plan that aligns with your goals, risk tolerance, and financial situation.Here are some things to consider:-Buying a multi-family property and renting it out can be a good way to generate income and build equity over time, but it can be competitive in some areas and may require a higher initial investment.

If your skill set or desires align at all with sales, I would recommend getting into a technical sales position, where the incentive compensation gives you massive income potential, above a traditional IT job.(2) Save the majority of your income.

In talking with some lenders from my local REIA, I do have some options that could work, but everything has to align. 

Hard to trust anyone when times are rough and interests may not be aligned.