This is why we should always look for a robust cash flow in addition to value-add.The magic of leveraging looks so good on paper that it is hard to resist the temptation of over-leveraging.Get in with the premise that we should never HAVE to sell, and it should all be good...

In my initial explorations I like to get a couple deals on paper to know how to quickly analyze in, and what to expect from a market before making any actual inquiries. 

.- I narrowed my search to 15 properties that performed well on paper - I booked 2 days with the real estate agent (who I've been in contact with for the last 2 months) and he arranged viewings for 12 out of 15 of the properties- I booked a hotel and drove out there and we walked through every unit of every property.

.  :-)  Income was tax deferred because depreciation, expenses, etc. were written off against the income resulting in a  paper loss.  

We read the local papers, blogs, websites etc... we attend the local council meetings, REI meetings, basically we want to be experts in the area we invest in.

For example, my partner and I have over $3 million of our own money invested in our syndicated deals.Further, a syndicator of real properties needs to layout money prior to attempting his initial syndication.

A colleague and friend wrote a white paper on this exact topic called, 'Diversification Means Always Having To Say You’re Sorry.'

From there you just lay out the strategies and pick the one that seems to fit the investor's needs and budget.As a side note: For anyone in California, I look into the Delaware Statutory Trust.

It sounds like you're making great progress, but I would also lay out a timeline for the entire payoff.

The judicial council voted last week to drop their eviction moratorium and eviction papers will start to be processed through the court house starting September 1st.