Are you wanting to invest passively in a syndication as an LP or are you wanting to be the general partner and syndicate to your investors? 

Investing in real estate out of state can be a profitable venture, but it requires careful planning and execution to minimize risks and maximize returns.

It is OK to lose here and there if the market, the numbers, the investments are slowly but surely going UP.

I am working with a great company that is assisting me in investing remotely.  

From there you'll need to determine Debt Service (if it's a financed deal) and Capital Expenses, to then calculate Cash Flow.The Cash-on-Cash Return (CoCR) will just be Cash Flow divided by the All-In Investment (Purchase Price + Renovations + Closing Costs + Wholesale Fee).If you're wholesaling these deals, I recommend you aim to offer your buyers a Cash Flow of no less than $250/mo and a CoCR of 10% or higher.

I invest in the Bay Area and Indianapolis.

I'm looking to connect with an investor-friendly broker who has deep knowledge of the area and can identify cash flow-positive investments that yield solid returns.

There are lenders who offer construction loans for investment properties for exactly the scenario you're describing.

Just to give you an example of the type of thing you'd be potentially looking out for, if the community has a pool terrace planned and it's orientation in the new building would face directly towards your property, that could be a source of significant noise and disturbance for you/your tenants, and could make it much harder to sell your property once the new building is built and occupied.On the positive side, new apartment buildings cost millions of dollars to develop and build, and developers really only sink that much money into areas where they're forecasting rent growth and property appreciation for their investment.  

Would anyone have any interest in a monthly breakfast/coffee meetup for private lenders and those buying/investing in notes?