Next, I found an investor who wanted to build on the lot, but in maybe three to five years.  

Make sure that is all documented. 

It’s zoned R4 so I’d love to build 2 townhomes on each lot if possible.

I also recommend you schedule a walk-through inspection within one week so you have the opportunity to ask/answer questions, document the condition of the rental from that day forward, etc.

I promise not to disclose this incentive to you.Then the syndicator will generate a 2.5% fee for buying a building, charge you 2.5% for managing the asset, another 2.5% to sell or refinance it. the GP LP carried interest split will be 70/30 on the huge pile of money we will make.

Should I prioritize market research or focus on building a network of industry contacts?

Double-check all forms and documents to ensure that they are filled out correctly and that you have included all the required information and supporting materials.Submit your application as early as possible.

I’m willing to do what it takes to help you build, one property at a time. 

Tripping over dollars to pick up pennies...Building a sustainable and scalable real estate portfolio should be about elevating and delegating and not doing the work yourself.Otherwise what's the point of investing in the first place?

I joined my local landlord association, started building contacts and connections that ultimately made this venture a success.