also depends on your market.. some the deals are just there you simply need to drive around others its tougher and most are gotten on MLS. 

Last option is simply to use a PLOC to finance the next purchase; you can get up to $250k if that is enough.

I’d simply just be taking over, no changes needed to be made at this time to the property or the tenants.

It's simply people pooling their money together to loan to a company that does flips.

Generally, the biggest challenge is a lack of quality comparable properties.

Real estate + money + relatives + lack of communication = big badda booom.Would recommend next time get all this stuff down in writing up front AND I personally would not use a relative or close friend. 

I personally have a Google alert for the term real estate investor and about once a week i get an article about some syndicator that has duped investors out of millions.My point was simply that we should just not shrug and say oh well the bankers did it and so we 'experienced'  investors should expect some fraud from some of the syndicators.I believe we should try to change things by being shocked and condemn them whenever we see this behavior.Sorry if you see this as being on my 'high horse' but that is what I believe.

Of course it is better still to simply pay for that expertise and keep control yourself. 

These funds can give out their advertised dividends and simply drain the NAV (i.e. reduce the price per share) effectively negating your dividends.  

Lead-base paints never really bother me unless they're chipping or peeling at which point I simply prep the area scrape any loose chips from the surface while keeping the area well ventilated, clean up any debris, primer over it once that's done and cover with paint...problem solved.