Here are some warning signs I’ve come across, but I’d love to hear your experiences:1️⃣ Upfront Fees – Are application, due diligence, or "insurance" fees ever legitimate?

I'd say if you are looking for commercial real estate wherein the purchase bought the property in a corporation then PS is not the best place for lead generation and skip tracing. 

We do tend to know what appropriate rents are for the different times of year, although you can't hold to those permanently. 

So based on that I guess I'd have to pick Detroit.

I'd have to save up for another year or two.

If you're really serious about it, I'd focus on building relationships with operators and capital raisers — those are the people who can get you into off-market deals before they hit the public.I'm not pitching anything, just sharing how I personally incorporate syndications into my multifamily ventures.

Talking to others also gave me insight into different markets and strategies, which made it easier to figure out where I wanted to focus my efforts.A simple tip I’d give is to start small and grow gradually.

I’d love to learn from your successes (and challenges) as we continue to refine our approach.Looking forward to your insights and feedback!

As others have mentioned, DSCR loans are generally for turnkey rentals (although outdated rentals may still qualify depending on the level of deferred maintenance). 

There were a few other good and bad items.Believe the COO is on BP although he doesn’t frequent.