Quote from @Jemini Leckie: Hello,I live in a mountain west state, not California.

For example, we cannot find a good deal in Houston on the MLS to save our lives, but in San Antonio there are a bunch. 

And lived in it for at least 2 out of the 5 years prior to selling. 

As a CPA who lives and breathes real estate taxation, I've noticed something interesting that I want to share with the BiggerPockets community.

I have about $80k in a HELOC on my current home where I live.

When I tried to get it when my side of the family found out and tried tp take over reverse mortgage payments to bank because she had died it was to late so they sold the house to Hud and then other reverse mortgage companies but a relative still lives there so they can't kick them out.

I invest in about a 50 mile radius from where I live.

Working horrible job, living horrible, no golden streets of opportunity found.

Slow live in flip happening here. 

Even if the sponsor lacking knowledge and experience can raise capital through syndication, their life will become a living nightmare of lawsuits, hostile social media posts, public ridicule, accusations, legal threats.