What is a typical breakdown in most syndication deals for cash flow vs sale proceeds and contribution to IRR? 

Sure there’s also plenty of areas with those high trademark Midwest cash on cash returns in exchange for giving up appreciation, to run with the notion that the whole state is that way is... off base.

You'll need to figure out depreciable basis of building vs. land You'll set up building (including totals as a depreciable asset) and land as a non depreciable asset and the other side to that journal entry will be an increase to a loan if there is one, or it's capital contributions/equity. 

If you were contributing to the traditional TSP you're going to get hit with taxes (based off your income level) and penalties 10% if you want to withdraw them early.You could take a loan against TSP for a primary residence, but there are a bunch of rules for it and if you dont pay it back...boom, big time penalties.Lastly, a 1031 exchange is a "like kind" exchange i.e. real estate for real estate, so you would not be able to defer taxes from the profit of the sale of securities into real estate...that would be awesome.Good luck!!

Thanks again for such an amazing community and I look forward to contributing from here on out.

So my question is - what, in your eyes, contributes to a market being "hot" or it being a sellers market and is there any factor that would indicate how long it may last?

Then ruthlessly look at how you spend your time and eliminate all the tasks and expenses that don't contribute to getting more deals.

Any suggestions appreciated.The first step is to decide on the role each partner is going to play, how decisions will be made, how you will handle any disagreements, exits, capital contributions and capital calls, who will be signing for debt etc.

@Hugh CarnahaYou can take out your 2020 Roth contribution without any penalties . converting to a SDIRA does not allow you to borrow from it for several reasons. 

We didn't contribute any money or obtain our EIN until after the beginning of 2020.