You said cash-flow is a couple hundred dollars per month, but don't forget to factor in maintenance, vacancy, CapX, and any costs outside the monthly loan.

It also regularly puts out deals at low 65% or less LTV, and high 10%+ skin in the game/co-investment etc.They market under 506B so are prohibited from posting publicly on the Internet and instead function by referrals.

@James Leespeak with @Brian EastmanHe can get you all setupMost large institutions like fidelity will not allow you to invest in a private syndication unless the Sponsor is registered on their platform and you go through a registered rep - so odds of that being the case are super low

I also have low liquidity to start with but I'm growing the account as much as I can.

Personally 0- but I have been through quite a few low cost renter trashed units for sale.

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California could cost you a minimum tax of $800 every year.

Quote from @Bonnie Low: Hi, Nelisa.

They might make you open some things up and it will likely cost you (really depends on how strict your municipality is, I would ask someone there for a better idea.)

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

If they do not have the money to pay rent and/or have the money and do not prioritize paying rent there is little you will be able to do to change that in most cases.Just be sure to factor into your numbers the cost associated with evicting these tenants if they fall behind.