To summarize, if you are approached by a syndicator raising money for a multi-family building that meets this multiple offer fact pattern (as is usually the case) who is awarded the contact, they more than likely assumed the most ambitious rent growth, most understated cap ex costs or operating expenses or lastly the cost of equity (your return) is projected to be less than the LP’s the other bidders relied upon.

FYI we've changed our approach entirely and have lower fee initial entry points to avoid the challenges of long term project based arrangements so we can catch issues much sooner.

How the local municipality views multi family might be different.

But trying to keep your investments separate from personal, while using SSN is going to create an issue.    

I did not know that before the appointment, but saw the issue as soon as I stepped inside the door.

I know a guy that needs to sell and he can't sell it by traditional means do to issues with the property.

The numbers may look great on paper, but if there could be a larger threat to your safety than you bargained for, websites like neighborhoodscout.com can help you navigate that dynamic before learning the hard way!

This is so important to avoiding massive issues when you ultimately begin sitework.

Here is a link that describes that issue in part. https://www.rocketmortgage.com/learn/fha-identity-of-interes...If this is meant to be your primary residence, why not deed the lot over to into your name and do everything in your own name?

I also previously owned multi-families in Indianapolis and the crime there was a surprise.Thank you in advance!