Here is a list of some that comes to mind:The syndicator pays out of pocket and is paid back once the deal is doneIf the syndicator can, have the LPs agree to pay for the fees with full knowledge that the deal may NOT close and this money was spent and wastedLPs and GPs split it (perhaps 50/50, or how the agreement is written out on monies above the pref: 70/30)At the end of the day I really think it's how much influence the syndicator has over the investors. 

@Michaela Graham I’m glad you could make it out, and disappointed I couldn’t spent some more time talking to you!

A weekend spent on just busting up tile would be valuable time lost.

I am a nurse by background, spent close to 30 yrs in the medical field.

I spent the next several months paying off my student loans and saving up for a down payment for a duplex or multi-family.  

I also spent some time at AFB some 20 years ago.

Hello Ned,Thanks for your advice.We've spent the last week scouting neighborhoods, and you're right - Baltimore is pretty easy to learn, and we've already learned a ton.

Welcome to BP...I spent a summer in India back in the day...very hot :) I'll be at the meeting tmrw as well..hope to see you there!

All in all I spent $1200 on the new appliances plus my time to go pick them up.

I've spent a lot of time, especially on my website, on SEO trying to get traffic, and it's clear to me that I just don't know enough to do it effectively and efficiently myself.