The guy is retired and apparently has done a good job for the few months he’s been on the job at the syndicators owned complex.

A strong possibility is that people will travel less in the future, stay home more and invest into their own properties which will cause prices to at least be somewhat stable.

If it is to generate profits from buying low, applying BRRR and selling high, that's a very valid approach.In my program, people want to develop a passive income portfolio to ultimately become economically independent and possibly retire early.

Purchase price: $92,950 Cash invested: $92,950 Purchased within a Self Directed Retirement Entity What made you interested in investing in this type of deal?

It's way harder years later when the responsible party has retired or died, or the loan has been sold to four different entities.

I'm on board so long as the ownership structure works in both our favor.His goal is to invest in multifamily over the next 3-5 years and have cash flow for when he retires in a decade

They are priced in a rational way (based on NOI) and the market is a lot more stable , the lending in more easy to get and based on the buildings metrics, etc sometimes its hard to find that size building and a 4 plex would be ok too.... just be sure it is selling based on NOI, and not comps.... i also suggest you start reading about commercial lending, the financial metrics of MFH etc.

How stable are their jobs right now?

I just experienced the same money issues with COVID impact (ie credit score > 800, own a $500k home, etc.) on my first flip deal and was able to go through my retirement on a line of credit, got a heloc, and personal loan from family for the last 5% via promissory notes. 

My lawyer retired recently.