SFR from my perspective works best in a lot of post industrial towns - Chicago, Cleveland, Philadelphia, Baltimore - where rowhomes proliferated lending the stock an even greater level of standardization than most apartment building have internally along with a very low cost/unit and an outsized ARV on a refinance.

You can also seek out a 'Qualified Opportunity Fund' which is basically a syndication with the underlying asset being in one of these zones. 

Put another way, if you're buying an asset with cash, or some other way that's not tied to bank's interest rates, you're going to do better than someone like myself still using traditional commercial lending.

REI lending is a niche.

Most commercial lenders do not lend in such low amounts. 

I work for a commercial mortgage broker that has relationship with hundreds of lenders and thousands of lending products. 

This whole discussion makes me want to stop investing in syndications immediately.

As most of you know, there is a large expense ($10k-$30k) when putting together a larger syndicated deal. 

I’ve read a lot of people saying that lenders won’t lend to an LLC for conventional financing and that you will have to get commercial loans.

The only "savings" is if you were coming from another private, untraded syndicate with high fees (which isn't that common for the majority of people on BP).