I would look at some criteria and set it, then if someone meets it use a first qualified or best of the pool method for selection (risk management and takes some guess work out)...Back to the objective facts, I would steer clear of anyone with an eviction, living rent free for an extended time in a manner that was not clearly legal, and theft, think about a policy based on misdemeanors/felonies and a time frame (like misdemeanors ok if 10 years back or not relevant to tenancy)...

The numbers first:Purchase Price: $430,000 (Auction) (3 Normal Bed, 1 Master, 2 Full Baths, 1 Master Bath, Pool, Cathedral Living Room Ceiling, Attached 2 car Garage, Swimming Pool, 3500sqft on 1 acre)Outstanding Town Liens: $94,000 (I knew this as this was announced at auction.

A syndication is a pool of investors that combine their money together to purchase an apartment complex.

One of my inspections was for the pool and hot tub.  

This will likely have the lowest appreciated value years down the road and trying to sell it on will likely be a hassle since you'd be appealing to a very small pool of investors.  

(gave them the 20% so I don't pay any fees)It includes:2 Parkings (Outside)Brand New Pool OutsideA Brand New GymLounge Place To Eat Close By The Pool With An Inside Kitchen And A Few BBQs3 1/2 - 650 Square Feet - 9 Feet CeilingLocker In The Basement To Store Stuff We Don't UseI Have A BalconyI'm At The Last Floor (Fourth)There Is An ElevatorAir ConditioningCeramic Shower Tiles And Glass DoorsCeramic Backsplash In The Kitchen(85 Square Feet)Chimney HoodThat's a total of $515/month plus the loft fees $100/month plus taxes $110/month...In 4-5 months, they will be building a last 32 units of loft...Price will be a little bit higher (probably around $150,000 ish)I've talked with people and some of them rent it for $850-$900 / month with kitchen appliances (it comes with the loft when you buy a brand new one)...Would it be worth it for me to buy another one and rent it?

My condo is in a B neighborhood but due to the slow demand, I have not had a good pool of candidates here in Palatine. 

The buyer pool isn't as big as it is during the spring/summer and they just want to get rid of their inventory.

You might be missing the convenience factor of having a property in your backyard, but most of the areas mentioned are within a 45min drive.Let me know if you need any help looking!

You have to be specific when you write, "Seeking Private Money," @Sam Erickson.Are you seeking a silent equity partner or group of investors to form a pool you can draw from and provide a return to, or do you simply want a loan.