So I have recently come into a little money, about $700.

If you can nab an experienced partner or if the GC you're using is willing to sign a completion guaranty, that will make it easier.

Hi Nadia, here's a few things to consider:Credit Score: Set a minimum, like 600-650.Income: Require 3x the rent in monthly income.Employment: Verify stable employment.Rental History: Check for positive rental references.Background Check: Make sure they don't have any criminal history.Security Deposit: Typically 1-2 months' rent.Pet Policy: Decide if you'll allow pets and set fees if needed.

A couple of thoughts specific to condo investing:1) Be sure to include the condo fees into your cashflow analysis, and budget for potential assessments as projected capital expenses2) Make sure the condo association is solvent - a good litmus test is whether or not the units are approved for FHA financing3) Make sure the condo association rules/regs allow for rentalsGood luck!

With the building repairs needed, that lease price does not make a bit of sense.

You aren't making sense.

Less money but less wear/tear and issues to deal with.

Thank You why go syndication over getting hard money?

That isn’t “investing” or any “technique” it’s gambling.

Definitely a great place to learn about real estate investing and what makes this website so beneficial is you can really micro target specific areas of the country and learn a lot of good info first hand.