clearly outlined in your operating agreement.

My general goal is 1-3% maybe 5% max yearly increases because they will coincide with the kind of cost-of-living raises many people will see with their jobs.

Once you have this team in place, you should be able to invest in any market confidently.As for picking a specific market - I would go after one with an increasing job and population growth.

Even if the intentions are good once these syndicators are capitlized with outside money, there will be carnage as they don't have the operational expertise to deploy and manage the assets they acquire.

Nice job @Omosalewa Aderonmu! 

So, the “wholesaler” is much better off operating without a broker license.  

I am not looking to replace my regular job, but rather long term growth with shorter term cash flow.

I was approached by my neighbor if I wanted to purchase their house since they plan to move in the next three months for new job opportunities.

You could just hire him to build; the PM piece shouldn't be tied to the JV - they get the business if they do a good job and it should be equitable fee's for the area. 

Based on the employment records the jobs thst afford them the apartment are new.