Hi,I spoke with a multifamily seller recently, and he told me that he was involved in a class action lawsuit with Pace Morby with the nature of it seemingly around the Sub-to deals he structures.

I would caution on comparing these returns to the S&P 500.Real estate has been pretty much flat the last 2-3 years while the S&P has been on a great run.It's human nature to sell the lows and buy the tops.

So, Brandon, if your capital reserves are 150kish, I would really think about doing some BRRRRs or Flips even to generate cash cause that 150k will be sucked up in 2 - 3 deals, instead you can use 150k to scale and never be out of the game.I wouldn't rush to infuse 100% of the capital in two holds. 

Remember that you need $15,000 reserves for your first property just to have on the side.

I use the virtual accounts for security deposits, reserves, etc.

i have a great property i could send you that i found has many great qualities its a cozy modern home with workshop and detached garage price is close to half a million but could very possible to change the sellers mind for your price range seeing as it needs renovations not many but still need them this property is in washington state but the area is good for selling seeing as a majority is rich and looking for nature vacation getaways right by a beutiful lake and mountain contact me if you would like to find out more i will have to note if you consider and take the property i do require a finders fee of a minimum of 500 depending on the deal 

Agree with @Sarah RoskoThe nature of most bookings are out of towners that book before they see the place or really know the neighborhood.

Integrity and care for one's long-term reputation is enough for many, and there are plenty of syndicators who were reserved, used good judgment, and paused in the last few years.

If this is the case, set up your listings on Airbnb etc. but block out the calendar until you are ready to start taking reservations.  

Typically lenders for non recourse require the borrower to have a net worth that is equal or greater to the outstanding loan blance, have at least 1 year reserves for debt service and experience and or a track record.