This is a team sport.5.

But I think he will leave because he knows that’s going drop the value of the team.

Welcome newbies, join the conversations, best way to learn.Send me a PM should you ever get interested in joining our team in learning about (and doing) mid- to large size multifamily apartment syndications and investing.

You'll find everyone you need on the team.

May be hard to find a tenant for that big of a unit.Some tips I would have is to screen new tenants properly, start forming a team and networking with not only real estate professionals (attorneys, accountants, brokers, handymen), but also local residents by attending the community meetings.

I’m a local here in Memphis myself and there are many ways to accommodate your cash flow in this city.Since you are out of state, it’d be recommended to string together a team on the ground in the market you are wanting to work.

I imagine the vacancy rate is reasonable, but the very small town was a concern (and still is) and it wasn't going to be very efficient for my team to operate there so I did not pursue that deal from 2 years ago.

Tacoma multifamily is trading around a 5 Cap.If you find anything 7 or 8 Cap with only minimal rehab or lost to lease I think it would be a fantastic deal and if you don't want it send it to me! 

I am a GC based in CA but I am looking for a team in the Houston area.

As an example, getting 20K to work to generate 2K in profit, $600+ will get lost to the administration costs.