If I were younger, and trained with proper mindset, of course the syndication and raising of funds is smart thing to do!

I would ask for a personal balance sheet as well to make sure they can afford the payments.

If you invest out of state and are doing anything other than a wholesale I can't stress enough how important it is to have checks and balances.

Austin like other markets has much to offer but you need to know what flavors you want.Anywhere close to Austin proper is very competitive and not ideal for cash flow.

If you use borrowed amount, interest rate, and term - you can check the 'principle balance' FCI is reporting with your own amortization schedule.

Lesson to the wholesaler:  if you can't even get us access to properly view the home, please dont contract the deal.  

Shortly after the purchase that all fell apart, and so I was in search of a new properly manager.  

I now see an opportunity to pool money together from several people and start to purchase multiple homes at once, however I am not sure how to properly structure this business.I wouldn’t be buying large apartment complexes like a syndicator (I'd need much more experience to handle large deals lie that) but I think the basics still apply.

As long as the Tenant is on a month to month, and proper notice is given, a rental rate increase would be an acceptable ask.Just verify that the appropriate notice period still falls within your escrow. 

@Addison Estes you have a tremendous advantage with your background in construction and specified repair areas, if you apply that properly you should be able to pick up some properties that others wouldn't want to touch.