They have cost my business tens of thousands of dollars and countless wasted hours of follow ups and missed opportunities.

The house we are moving to costs $400,000, and we plan to use part of the loan amount for the down payment on this new house.

@Steele KruzelThe $60k should go towards your cost basis. 

You should be at 2-4 meetups a month to make the connections.How are you doing your repair costs and ARV valuation if you aren't sure how to dispo?

Dont know what condition the houses were or are in , but generally speaking , older homes that are "deals" cost more in repairs .  

They'll hook you up with high leverage, full term IO financing and will cover some of your planned renovation / capex costs.  

STR are very competitive today and investing in a well-designed home is key to your success.

@Noyessie HubertIf you plan to rehab all the units, if is more efficient and cost effective to do them at the same time.

Keep in mind there are brokers/placement firms  out there who can serve as a conduit to the family offices, pension funds and insurance companies and the cost of those placement services are going to be significantly less than the amount of effort and expense that goes into the this new breed of syndicator.

I estimate construction costs, create plan sheets, and project manage for my every day job.