Any other good rules of thumb you can think of that a syndicator would need to keep in mind when raising capital besides that 3% and a 30% equity contribution assumption?

My biggest contribution was a direct mailing campaign where I targeted absentee and owners with 40% in their home.

No, I am pretty sure they have to distribute it to themselves and give it to you personally, and you contribute it to your LLC.

As long as my monthly cost is lower than the rent I'm paying in Manhattan, I feel like that is better than what I'm doing now, and I get to build some equity along the way (feel free to challenge this notion if you disagree also).

Adds a lot to the conversation and has put in a ton of work contributing to our fair BP.

So you pay for sidewalk (for example) fixes.Once it closes, think the seller's contribution/liability is limited to what he dedicated by leaving in escrow. 

@David Feder you need to come up with a higher cash contribution or partner with someone who has these attributes - ideally someone who qualifies as an ‘acredditied investor.’

It has to be a situation where you all have something to contribute and know what you're getting yourselves into.

Proud to make my first post here, looking forward to future contributions of my own..

Bringing something like the ability to obtain low to no money down financing to an investor that has all of their capital tied up in other deals at the moment, in addition to you maybe doing some of the value add repairs and maintenance as part of your contribution to the partnership is very valuable.