What type of syndication are you considering investing in? I

It does not matter whether you are starting a real estate business, restaurant, car wash, or amazon commerce business - the lender will first look at you and your partner and how much skin you have in the game, your experience and the risk of the loan not getting paid. 

Sounds like you put in a Bonafide game player but no worries, they suck at the game.

Felt like being at a high-stakes poker game, but with properties on the line.

@Jeff SittiWe as real estate investors sometimes forget there are other things than real estate to invest in.  I

Potential Equity is not skin in the game. 

Having a PMS with automated reminders has been a game-changer for us too, making it easy to manage renewals without much manual follow-up.

Good luck with that one—I doubt any syndicators would find a sympathetic jury in such a case.Scott, you and I have debated the concept of “skin in the game” for years.

Playing the long game, it's not for those chasing rainbows, definently for the LT planned methodical focus. 

Assuming the area you do arbitrage in is not a seasonal area and have demand year round with maybe some fluctuation.