I wanted to get into MultiFamily investing more than anything to be able to quit my 9-5 and start my journey to Financial Freedom.

When factoring in additional costs such as maintenance, property management fees (if you do not opt for a property manager, and you should), and potential vacancy periods, the financial burden could increase.Check this out: If you're breaking even on rent at $1,600, any additional expenses or vacancies directly impact your pocket and mental health.

--------When vetting a syndication, different investors will do it differently... because every investor comes from a different financial situation and has different goals and risk tolerance.

NathanHey Nathan,A lot of the private/Hard money lenders that I work with do not require that, so depending on your strategy it shouldn't be an issue.That sounds like great idea though, it could set you up nicely to hopefully save up for a good primary residence.Would love to connect and talk through the strategies financially if you are interested!

I am wondering what are the tax implications for this individuals (most of them are from Spain). 

Brace yourselves for the next level of financial wizardry: condo conversion.

Market rate is $190k per unit.I'm really excited about the potential of this investment, but I want to ensure that I'm making sound financial decisions.

Maybe, the "Smart Money" was smart because they got their payday when they sold to the individual investors?  

The owner has an LLC that he uses because it is a business for him to sell property and finance it for individuals.

Would it be best to put one individual on the lease and have the others just listed as people who would be residing in the residence?