In fact, Partners 4 and 5 fund a small portion of the deal, do no borrowing and get an equal share if I'm not mistaken?

I'm not experiencing much of a slow down in my market, even with the interest rates being higher. 

The cash-flow were getting is not justifying the amount of work going into BRRRR type deals (at the higher rates). 

Customizable funds provide the best of syndication deals and funds where you can pick individual deals within the wrapper of a fund.

Look for places that appreciates even when interest rates were at their highest.

I just think that (1) OOS is more difficult than advertised and (2) higher rates have hurt 'cash flow' at every price point.You have Scranton, Allentown, Lancaster, etc. within a couple hours of you. 

Then ask why the property tax rates for hotels on Maui hasn't increased in over two years, yet they continue to raise it for STR's as well as non-owner occupied residential properties.

I have a possible partnership on the table where the partner funds the deal 100%. 

Has anyone closed these new 40 year DSCR cash out loans I see advertised as fixed rate options? 

Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.