It seems like a pretty good deal but also seems like it could be a big headache when dealing with the city.

You will also get to see a few "good" deals come across your desk that you may want to jump on!

I deal with this issue all the time.

@Louis Zameryka - Prices are high, but you can most definitely still find cash flowing deals.  

Jimmy Napier used to teach about the "Deal after the deal."

I never done a deal in the past and I'm very new to this.

Then branch out to do more deals that way for buy and hold rentals once we get settled into our new home. 

I feel like I don't know what I don't know, and I feel that jumping straight to an investor-backed leveraged multifamily deal as a first timer might be a bit too much.Yet, I see no other way to enter the multifamily space as the entrance barrier is high, and cheaper deals in tertiary markets are often cheap for a reason.Would love to hear your thoughts on whether jumping straight to a multifamily syndication is reasonable, and if so, what would be the best path for me  to make a deal happen in the coming months?

I am an experienced flipper, and I got into this deal with plenty of margin, so cashflowing out of it at the end is not a concern, but I need the liquid cash to get it there. 

Raven,Reach out to @Lucia Rushton  I have worked with her on multiple deals to help her buyers and she is an investor friendly agent and understands value and cash flow.