Because not everyone is luckily enough or experienced enough to have private money available, so you play the hand you are dealt. 

At least with REIA they teach, you can see, talk & interact with experienced like minded people who don't mind sharing & teaching you or holding your hand if need b

Experienced rehabbers who are putting significant amounts of their own funds into solid projects represent much less risk than inexperienced borrowers who do not have their own financial resources.

Decreased Housing Supply Continues to Lessen Affordability: Zillow by Jacob Passy MAR 27, 2015 4:22pm ET Housing affordability has shrunk as the issuing of new housing permits has failed to keep pace with population growth in cities across the country, according to research from Zillow.The cities that have maintained affordability the best are those that have either experienced low rates of population growth or have kept in step with that growth by building more housing units, according to the report published March 27 by Zillowmore....http://www.nationalmortgagenews.com/news/originati...

Hardly enough, I know, lesson learned.My questions for you smarter more experienced landlords:How far do you press a tenant in this situation?

We are always glad to have experienced investors join the site!

New or experienced both can be of help with this game.

It's good to have a set of more experienced eyes looking over things. 

However, when I see what I consider an inexperienced team try to raise funds last summer on one portal (and fail) pop up on yet another portal nine months later, with the same "experienced sponsor" mantra, something is amiss.Don't get me wrong, I think there is a need for CF and it will continue to grow and offer opportunities, but what you said rings very true. 

Once you've done that, you confer with an attorney experienced in real estate syndication, and retain him.