Let's say this agent is generous and does share tht $24,000 with you 50/50, well that piece ($12,000) goes to your FIRM, not you. 

In TF the wholesaler will actually close on the purchase and immediately resell for a higher price.  

I actually suggest you just start on Airbnb, price low but not too low so you get bookings but not trash bookings, and spend a few months learning the flow and working with cleaner. 

Thanks Alex, FYI we've actually taken that approach and lived in one of the units for 14yrs before finally moving out and getting a 1 family.

It actually works. 

I would say you’re actually pretty spot on in your assessment of the Indy metro areas.

I think it's easy as a new investor to get stuck on one piece of a good deal and overlook the overall benefits of a deal.

It's difficult for me to understand the rules when I try to read the actual city codes and ordinances. 

I have ran the numbers and for me, they check out, obviously I would do more digging if it comes down to actually purchasing this dealSo... my biggest concerns are that I want to get into my first property and if I find an opportunity, like perhaps this one, I don't want to miss it, but the amount of cash on hand is a concern, so I'm kind of stumped. 

Just so you know, 3 years is actually considered to be a very short time with syndications (with long-term running 7 to 10 years or more).So the way you asked your questions, only the most aggressive, nonconservative deals are going to be able to answer them (on things like selling properties after the holding period, capital being returned, properties repositioned).As a conservative investor, I try to avoid those deals like the plague...so I can't answer them.I can also say that I see thousands of deals a year.