If your going to make a business of syndication you definitely need systems fir raising and managing capital and an online portal for your investors to login and see all the info on there investment. 

We either get our offer accepted or rejected but rarely raise the amount.

I was born and raised LaSalle/Mount Pleasant/Elmhurst.Providence in general has seen an increase in prices, it’s not just Elmhurst.

Raised rent after the renovations and now have nice cash flows which has allowed me to save up quite a bit of money.

But I would raise my minimum qualifications , credit score up to 675 , First AND Last month rent with security deposit .

I know another local guy who raised $500K in VC money to open STRs nationwide.

The problem with HOAs is usually they are run by a group of homeowners and they can arbitrarily raise the fee, or charge assessments, both of which you cannot forecast.

Which means I have to raise the rent immediately on my neighbor's during the pandemic (lol).

I would raise your capex and repair budget probably closer to 10% each, the property looks a little older and stuff is bound to come up, especially if you aren't putting in any repairs up front.

I have raised money before, but its always been from investors that I know on an individual project basis.