For example, I mention that every adult must pay a $XX application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

Start researching price to rent ratios in areas and see which area has the best combination of cash flow/place you want to live!

Either that, or 0% credit cards combined with the personal loan if you feel that you can liquidate the property before the credit card intro periods expire. 

From my basic understanding that I'm brainstorming this, would need to set up a new LLC for the Syndication That would own properties bought using the combined capital from the equity partners and myself.

The combination of affordability, appreciation, and rental demand definitely makes OKC an interesting market.

I have mixed feelings about it, so we'll see where that goes.Fortunately over the last 6 months we have been able to pay off a decent portion of the debt, so things are starting to look up. 

It is something that gives you the leverage to make more money and have the ability to not pay the debt on it monthly either (your burn rate on it). 

I know a lot of investors have done very well in Peirce County but I just haven't learned or know enough about that market to make an investment there.Washington state properties are expensive and can be difficult to make breakeven let alone cash flow at this moment due to the combination of high prices and interest rates. 

Your idea about the land left by the LA fire combined with SB-9 is definitely interesting.

Definitely come to the Midwest with no debt