You never spend money that does not guarantee a return other than on essential maintenance.  

You will most likely be credited for what you paid in one state on the other state's tax return.  

But youd need to figure out your market and what is going to get you the best returns.

Yes, you can get higher returns doing that but it's NOT for everybody.

I left after lunch break and never returned.

Research the market and build a team. there is no 1 answer to your question as you can get a lot of different returns depending on the market.

I returned the full deposit.

I am actively researching investing in MF buy and hold syndications and looking for more info to educate myself.I would really like to find resources/lists of potential sponsors, real world examples of previous deals, what actual returns were for LP’s and other various resources for LP’s. 

I include the following: personal financial statement, 1,3,5,20 year business plan, prior two year tax returns, and my companies operating agreement.So, if you made $50k per year, divide that by twelve and you get $4,167.00, then multiply that by .45, and you get $1,875.00. 

Becoming a private money lender offers an excellent return on your investment.It Takes Money to Make MoneyWhen you are a private money lender, you are acting as if you are a bank.