I can look at my market locally and see we have on average right now 5,000 units for sale at a given moment. 10 years ago that was 16,000-18,000.

Partnerships or creative financing can also stretch your funds further.

I sent you a DM if you have any interest in the Midwest/ MidSouth areas to explore some options so you can have an idea of what it may look like to execute your plan!

The remaining $1.2M has not yet been accounted for.I can easily find more investors to fill in the remaining $1.2M, but I was wondering if there are banks that lend money to syndicates that could fill in the last $1.2M at least in part?

If you sell it, buyers typically prefer it to be vacant so they can pick there tenant, so I would not be worried about that.

Hi @Konstantinos Lembesis When Settling on a market develop some metrics that you can not only measure the market you are interested in but others that you havn't considered yet. 

Have them use a loan servicer so you don't get into future disputes on the balance, plus then the servicer can handle the escrows.

As a local realtor, you can offer market insights while learning from experienced investors about strategies that work in the area.

Emphasize how real estate can provide tax advantages and passive income compared to traditional investments.

Best way to learn an area is to drive/walk around as much as you can.