Advantages of syndicationMuch higher ROI to GP: They usually invest in the deal, so the ROI based on their fees is much higher than the ROI you would receive by purchasing a 20 unit with your own capital)Ability to acquire larger propertiesCons (sort of) of syndication Higher barrier of entry: need enough experience and track record for others to trust you with their moneyMore responsibility: you are using other people's money, and not just your own capital

1. most banks/ credit unions are telling me I have to wait a minimum of 6 months after closing before I can get a cash out refi..

What side of the tracks / hwy / river do you want to live on?

You should do whatever refreshes your cash/credit pool the fastest so you can move on to the next deal.

With current LTV, the credit union says we have been approved for approx $48K.

If I have an LLC with 3 partners and we buy a $99,000 house, do we each get 33,000 on our credit?

Can you send me a link where I would be able to track your next meetup?

@Kevin Uzelac If you want a long term hold, you need long term funding which will most likely be from a traditional lender.Start checking around with local lenders as well as national lenders and credit unions to see what it will take to qualify for funding for rental properties.

Is that what you are tracking? 

@Bo Goebel you are on the right track.