At some point if individual passive investors are being too demanding to place money then the syndicator might look at using more debt or using institutional money where they do not have to worry about keep finding more investors.No legal advice given.  

There are big institutionally managed apartment complexes that have been dropping the rent by 10-15%.

You can decide to invest through: seller financing transactions, land contracts, institutional notes, firsts, seconds, performers, non-performers, commercial notes, hard-money loans, and note funds, just to name a few.

Then again, you really have to consider your options - which can be largely dictated by the lending institution's criteria.Another thing to take into consideration is how you plan to manage the tenants.

While 2-4 unit properties have a ton of competition from owner occupants, and 50+ unit properties get all the institutional buyers, 5-50 unit properties are somewhat ignored in many markets.

After finding out that most lending institutions do not allow those circumstances.

Not many institutions, be it banks, credit unions, non-bank lenders, etc,, are doing cash-out refinances based on appraised value prior to the 6 month mark.

Those losses may likely end up in more bailouts for those financial institutions.

If Biden comes out saying he totally supports "cancel rent" and institutes bad housing policy, I may have to rethink the entire business plan.

The PWC Urban Land Institute published a 144 page stat nuggets of a report for emerging trends 2021.