You still have to pay the agent (or more precisely, you give the seller enough money to pay their agent).

You should create a private placement memorandum (PPM) to raise the funds.

I would be the general partner responsible for property acquisition, rehab management, tenant placement and property refinance. 

Hey guys,I know there's a lot of posts about foundations and it's very difficult for people to give specific / precise answers, but a ballpark idea would be really helpful.I looked at a bungalow today where the first floor is dated but not in a bad condition at all.

If a person wanted to do one SFR( Purchase/Rehab/Tenant Placement) per month, could he just assume that he needed $360k (12 x 30K) to make this work, using the cash out money from the first SFR (80% of 60k= $48k), to purchase the 13th property, the cash out money from the second SFT to purchase the 14th property, etc, until at the end of 22 months, he owned 22 SFR's, with mortgages on the first ten that he purchased?

From what I've seen, allot of the numbers people come up with are super precise and the overage or shortfalls are a SWAG (Scientific Wild A$$ Guess).  

Is syndication similar to private placement?

I, as a profession, do direct placement of properties with investors, and the most frequent roadblock I run in to in today's market is investors expecting to buy at a cheaper price than the market will allow. 

This is precisely why I joined the BP community.  

Since then, and simply put our company and mine experience will speed up the screening process with precision, instead of hunting down we educate our select buyers, sellers and investors.