small community bank where the assets are located is where I have had success at a little over normal bank rates.. but keep in mind we had significant deposit relationships  7 figures etc..

Not as many complexities with a few rentals, but there can still be significant issues depending on entity structure - even if they are all "disregarded" entities for federal tax purposes.If your W-2 is your full time gig, and they are all passive long term rentals, there very well could be likely not a lot of active planning to do on the real estate side, outside of getting some general knowledge out there, having some longer term plans, and ensure deductions are being maximized in the isolation of those 5 rentals.

There are great monthly meetups from CTREIA and others promoted within the BiggerPockets platform from @Ryan Luby, @Stephanie Cabral, @Devin Peterson, @Brandon Rush to name a few.We also have active facebook groups where you can meet like minded people. 

Just because you can find a property and raise capital does not mean you should take that next step and actually purchase the real estate.Keep in mind, if you are talking about raising millions of dollars, you are no longer reliant on friends and family money.

People understand that things happen and will give you a little room when they do but do your absolute best to stay focused if you are the active partner. 

The following looks at hypothetical purchases, anecdotally and in relative isolation, meaning there may be a reason (for instance to generate large tax losses for "active participation" investors to offset other income) for some individuals to undertake a particular kind of purchase.

He was probably blindsided by a question asking him how much he made in the last year from his guru like activities.

There is a one car detached garage at the back of the property.I'm an absentee owner that rented this home out for 11 years with a management company and now I'm in the process of renovating it.When I'm done with the project in a few weeks, I would like to 1031 exchange it into another cash flow property possibly in Indianapolis IN, but I'm open to other active markets.

I'd say chat with some agents to get a feeler on activity then run #'s.

Hey @John Anderson, Rental activities are by default passive unless you are a real estate professional.