The wholesale prices are essentially MLS retail prices right now because the supply is so low.  

Essentially, that free rent is one of the most powerful things as you are getting the equivalent of income but with no tax consequences.

We had a room and bathroom (no kitchen though we added the essentials) above the detached garage of our primary residence in Charlotte, NC and decided to put it on Airbnb.

That’s essentially how I would substantiate that difference.

I am essentially paying closing costs twice (3.5 points up front on hard money loan and another $3,000 in closing costs when I refinance).

Essentially it comes down to prep work. 

So if you have what it takes to conduct such due diligence good, if not, then I suggest to continue educating yourself on the topic by reading not only about syndications, but also about various asset classes you invest in and markets you're planning to invest in (books, podcasts and networking of course are all essential factors for success!)

Bought at 145k, all cash, with a 20k seller credit at close, so essential the prop was 127,500, all said and done.  

It’s essential that you know what you have and everything about it.

As a new landlord, it is essential that you read through your state and local landlord/tenant laws and know them as well or better than your tenant does.