I am a business broker by trade but I am looking to get into multi family syndication.

@Brandon Elliott I’ve learned the hard way about doing business with friends.

They talk about that at our ULI meetings which is a great organization to get involved with if you want to learn more about real estate and development in urban areas

I would not converse with tenant in any format, as things could end up in court, if he declines to leave and has to be evicted etc. also don't confront in person, you said he is MMA fighter, good rules to live by include : Never get involved in a land war in Asia , and never anger a man with Cauliflower ears.

Most people might not have the ability to pay 5 to 6 figures a year for that.With Costar it is about residuals. 15 years in the business I do not like contracts and residuals.

It is always best practice to keep business and personal seperate.

You might also meet someone that could be a potential business partner.

I am thinking of giving all the work to GC so the lender asked that i got with some approved GC so he feels comfortable work will be done correctly.This Lender is local only and does business with in that city so not sure i will be much help.

Best practices and things to look out forI am hoping to be involved in the community and as I get into it more, contribute back as much as I can.Thanks and hope all of you a have a wonderful day and week.

Also, almost any kind of loan to an LLC whose business is real estate investment will need to be guaranteed by you anyways.2.