A syndication is very unlikely to have no debt).On the other hand, syndications allow most investors to access and diversify into asset classes that they would not be able to own on their own because the entry point is too high (ie, offices, mobile home parks, self storage facilities, larger multifamily etc.).

Okay enough prologue, here's the deal:3003 Finley St, Fort Worth, TX, 76111 (United Riverside)4 bed, 2 bath, 1570sf, built 1951Asking $84,900Estimating $25,000 in repairs (roof is 2 years old) needs: vinyl floors, new countertops, appliances, HVAC, possibly re-wiring, trim/doors, and paint.Estimated ARV: $150,000 (I base this on 3 bed 2 bath comps ~1350sf only a few blocks away selling for $159k to $185k, roughly $100/sf to me seemed like a conservative estimate)Estimated rent $1400/month (I based this on Fair Market Rent chart for 76111 from section 8 housing which lists 3 bed at $1350 and 4 bed at $1720, plus several 3 bed 2 bath rentals currently available a few blocks away at $1350/month)Running BRRR numbers with $80k cash purchase, $25k rehab, refinance at $105k, %10 capex/repairs, 10% vacancy, 10% management fees led to a monthly net cash flow of about $200.Is there something I am missing about this deal that I need to account for?

Practice analyzing deals using the BP calculators (Pro members get unlimited access).

They charged 5k per person to increase one’s credit limits and help them access business credit lines. 

New Orleans has a very unique real estate market where neighborhoods can and do change drastically from block to block.

Jesse,If you contact a local REALTOR they will have access to RPR (REALTOR Property Resources) this system has a vast amount of information and most will pull it pretty quickly for you.

Dead equity is more risk because it's cash you can't access in an emergency.

MF presents a tremendous opportunity leveraged across multiple doors which gives it a strong upside if you have the know how and access to capital.

Is he blocking any other requests?

@Cesar Gamarra i would say use CoStar because they have access to it intl and domestic.