I've seen TOOOO many people who try to start BRRRRing (this is all BiggerPockets fault) or taking OPM (other people's money) too early, and then losing it.  

Not only will you lose everything (including all of your real estate holdings) in divorce court, you will be responsible for alimony and child support for a very long time.

You can make a lot of money in real estate, but you can also lose a lot of money if you jump in without knowing what you're doing.

I've considered a cash out REFI, but I don't see the value in paying closing costs and losing 3.75% of my income if I don't have an exact place to put the capital.

Thus we will only lose money on renters who would have paid the full $110 per month.

The reality is people practically never pay more so while you lose flexibility you force paying down loans.

@Brian Burke really clarified this for me a number of years ago on my podcast (How to Lose Money). 

When you fire them, you most likely lose your cleaner, lose your listing and your bookings.

Maybe there is a way to refinance some of our properties into a portfolio loan to pull cash out, but then we could lose the STR licenses from the cities since they usually require the homes to be in a person's name, not a company.  

Crowdfunding makes real estate easily accessible, however, in regard to institutional/syndicated real estate investments, the advice of an expert who works in the industry every day, knows all the players and their track records, and performs due diligence on each offering is a great benefit to you and comes to you at no cost.