I have been playing with the idea of A cashout refinance ( to make them commercial), but I am also weighing the option of buying using a commercial mortgage now and doing a sale to access equity later.

Option #2 sounds like a long-term play where you may be betting on appreciation in those markets. 

If you already have a good w2 or business to eat and live on, it's a great long-term play, especially for part-timers. 

It would be nice if all listings (via MLS or fsbo) received a fair shake with agents, but true that not all listings are created equal and no doubt implicit bias comes into play for all parties.

I have not invested in a multifamily deal (yet), but I have been in the educational phase for a while before I pull the trigger w/ a few ex-teammates I played ball with.

Ideally you want properties that cashflow when fully financed because that means that if you spent $0 you would still cashflow.

They are now clean, according to their Instagram, or Twitter, or whatever.What goes through your mind, and how does it play into your overall evaluation?

Assuming one of the deals go under contract, I will act as the sponsor and syndicate the transaction for the down payment and repairs under market terms.This may be a dumb question, but I'm wondering whether there is a tool that syndicators use to keep track of investor contributions, ownership interests in the deal, Sponsor distributions to investors, or just to play around with different scenarios? 

Hello, I've got a question on how a wholesale deal works and plays out.

Seems like this is where the competition comes into play