Also, a hiccup happening and it took weeks for lending to bounce back.

I have a realtor and he agrees with you in that getting an accurate appraisal will be the biggest hiccup since there are not good comps.

I’m curious if anyone has had much experience with this, and for future reference, when closing a deal like this, what can I do to avoid this hiccup in the future?

I have been woking along side my father (carpenter) for years. 

Here’s why:1) Risk Reduction - for a typically small cost in terms of time and money you can gain a ton of context about an area and the surrounding areas that will help you to reduce the risk of getting into a poor investment2) Relationships - you can leverage your time there to meet with local market participants like property managers, brokers, other investors, contractors, potential tenants etc.3) Business expenses - you should be able to deduct the cost of the trip as a business expense4) Context / Perspective - you simply get better context and perspective by being there is personI don’t mean to say that you can’t do OK by investing remotely but I am 100% certain that you will get outsized benefits from visiting your assets periodically and definitely initially.When I invest in multifamily deals I always visit the area, the comps and the asset itself, this takes time but because we buy 100’s of units at a time it is an efficient use of time.I’d also be wary of anyone who isn’t personally invested in a deal alongside you telling you that you don’t need to visit, particularly if they get compensated by you making a transaction.Investing out of state allows us to find the best returns but don’t be mistaken into thinking that you shouldn’t plan on spending time in your target market.

Since my partner and I invest our own funds along side the investors in every deal we syndicate, there’s a much greater alignment of interest between us and the limited partners than exists in most syndications.Shakeout of the industry was/is inevitable.

I look forward to networking and working alongside all of you!     

My name is Kelsey and I am just beginning my journey in the real estate business alongside my husband Michael.

In the current market conditions I look for sponsors that have the following:experience in all parts of market cycleare acquiring large assets no less than 100 units a proven value add strategyoffering a true preferred return (7%-8%)a 70/30 or greater equity splitmonthly cashflow distributionsinvest along side their passive investorsrunning a 5 year business plan and have debt terms that exceed the length of the business plan( this will become important if you have to hold the asset longer than the initial business plan)assets located in markets with strong economic indicators

I'll be using MOJO so my question was what CRM do you use alongside MOJO that you have found works best?