Although I know how JVs work on the development side, I was wondering if anyone had good advice regarding the optimal structure for a multiparty investment vehicle that was focused on acquiring and operating smaller scale assets (namely, single family homes to quads).

Starting out with a MF fourplex makes sense as a first investment, then gradually scale to larger units or complexes.

I need to scale up my acquisition to ensure that that amount of capital be fully utilized specially if we leverage on credit partners to get our cash out of the properties.The Not So GoodTenant for Clarendon got delayed in paying $4,000 of his non refundable option consideration.

In the future (should I ever scale up and actually get a business model off the ground) I think I would have more motivation to talk about real estate.

I thinK the analogy falls short on the time scale involved.

Management consulting at PwC (Big 4) and currently working for Home Depot corporate, saving up money for the first few houses before eventually using OPM (other peoples money) to scale more easily.

If you happen to live in an area (or are comfortable travelling to an area) where it is efficient (I'm arbitrarily saying efficient is that for every 100 properties you view, you make 10 offers, of which, 1 is accepted), the the rest of this point is moot since that is fairly easy to scale up (as in a small team can probably view 1000 properties annually while the wealth is compounding).

As Bob mentioned they are good places to build your network of vendors and meet other small to mid scale investors.

I'm can't wait to dive into the large world of investing especially in real estate market but often times when I'm putting tighter my plan to run with I'm faced with many problems for instance I was planning on buying and holding and then scaling up sailing those properties via a 1031 exchange and using proceeds to get an apartment complex .But the problems I'm often faced with is will I actually be able to sale these multifamilys properties 1-4 units and get financing via FHA as I know they require it to be owner occupant and are real sticklers as the units go up as far as being approved and terms and conditions.

You cannot scale if you are a one man shop.