It’s structured as a syndication, 60/40 LP/GP split with a 7% preferred return.

I'm a Realtor with a couple properties listed in Boise, ID and a neighboring town for my investor/client that are currently rented as co-living or rent-by-the-room and getting killer income. (7.3% - 9.5% Cap rate) So far, every inquiry has been baffled by the concept of co-living or rent-by-the-room and immediately ask if they're being run as a halfway-house (which they are not).

Disclosure: StudentHello, I went to the first intro a couple of years ago and it has been an amazing experience.

I’m looking to connect with:Partners who can bring resources or experience to the table while I handle the heavy lifting of deal-finding, analysis, and management.Investors interested in deals with clear strategies and long-term potential.While I’d prefer to build a portfolio for the long haul, I understand the market always has buyers.

Personally, I would prefer to use the HELOC approach.

Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience or that lost anything more than a small amount of money (and prefer no money lost).

@Ricardo P. referred to that I believe. 

If rates go down in the future, we likely will have another run up in prices, so it might be worth it to Airbnb while waiting that out for a couple of years. 

I typically prefer to find and vet the deal and pass it off to local.  

Couple this with the fact that values are appreciating (even in the interior neighborhoods) and it becomes a great opportunity all the way around.