Given the current state of real estate here in CO and the fact that I have ties to Kansas City, I have decided that KC would be a good market to get started.

Location isn’t set yet but I will let those of you who are interested know once we decide.

I've decided I want to change that, though, which is why I'm here!

I would just trend lightly and really watch that admission level if you do decide to jump in.

I can honestly say the negative experiences turned me away from trying to follow my parents’ footsteps but I have returned full circle and have decided to think outside the box and put the negative memories behind me (not forgotten though).

Do you mean where a lawsuit has gone it's course and the Judge has ordered a sale or do you mean people who haven't paid their mortgage and the bank has decided to do a foreclosure (Trustee Sale)?

Trying to decide where/how to invest next.  

Also, you can’t ask the tenant to cover your rent until the housing department decides to pay you.  

If it's a small multi-family flip that you only need $200K for, or if the only people who will be investing are family and friends, deals along these lines.. syndication would be a terrible choice because of the resources it requires.However, if you want to take down an entire apartment complex, or a big office space, and require millions in capital for which you'll need to go outside of your inner circle, syndication is basically a necessity.So, you need to know all the nitty gritty about your deals before deciding how to structure it in terms of raising private equity.

After having a few banks evaluate the property and receiving strong indications of a favorable LTV and interest rates I decided to move forward with the deal.