My plan for the first syndication is to do as you said, starting with a 4-10 unit to get my feet wet and build experience.

What is your plan after rehab.

When considering a vacation rental property, it’s essential to have a backup plan and understand the numbers for annual leasing.

When the second phase was built, the units have the same floor plan, but they added individual heat pumps and individual hor water heaters in each unit, so that they were on the occupant's electric bill. 

Hi Perry, getting an LLC would be smart if you plan to scale your portfolio.

Summary: 7 loans outstanding: 4 in foreclosure, 1 in default - trying to develop a plan before I begin foreclosing, 1 current, but has needed multiple payoff extensions, 1 current with no issues.

With patience and a solid plan, you’ll be on your way to building a successful portfolio.Good luck!

Unless you have a solid plan to turn this around, selling now and cutting your losses might be the best move.

One place that will soon become a rental market heaven is an area around Johnstown/ New Albany where a huge Intel plant is under construction with plans for thousands of employees, not to mention the contractors there now. 

No one expects you to put money down when you tell people exactly what you are planning to do and how it works.Forget what everyone told you about how wholesaling is done.