Having a track record for apartments is more important when raising funds for a future investment in apartment I agree with John.You need to establish a track record first.MF investing is a different animal than SF investing.Another way to "short cut" the track record is to "borrow" the track record by partnering with an experienced apartment operator. 

Your first pitches won't have much to go off of except establishing your personal credibility/RE knowledge, your hustle and knowledge, sprinkled with a little confidence, will go a long way.

Any left over amount Uncle Sam and your state governor will help you by investing a portion in pothole repair lunch breaks, subsidizing the care of dogs owned by the homeless and conducting study to establish if a study is needed to study the effect late night/early morning traffic has on marsupial wildlife living near the freeway.

Account Closed To add to what some of the other great syndication philosophers of BP have said, you may have a lot going for you even if you have never done a single syndication deal.If you have had success in another area of business, or other real estate assets,that can be used to establish credibility. 

But after that I wanted to establish a relationship with a local banker.

I know that this is a big ask that doesn't involve any immediate fee for this service; however, we are all here to establish relationships, and this is not the only deal that I will close in the near future. 

I know that this is a big ask that doesn't involve any immediate fee for this service; however, we are all here to establish relationships, and this is not the only deal that I will close in the near future.

But- if there's a chance of shifting toward that in the next few years establishing the fact pattern early couldn't hurt. 

In the past, I've established a specific dollar amount that we document ahead of time, that way I owe them the money regardless of the profit on the deal.

@Brian H.I would absolutely reach out to a few of the established Tax pros here on BP.