I feel like I don't know what I don't know, and I feel that jumping straight to an investor-backed leveraged multifamily deal as a first timer might be a bit too much.Yet, I see no other way to enter the multifamily space as the entrance barrier is high, and cheaper deals in tertiary markets are often cheap for a reason.Would love to hear your thoughts on whether jumping straight to a multifamily syndication is reasonable, and if so, what would be the best path for me  to make a deal happen in the coming months?

I know its my first time but I really want to be successful with my first wholesale deal, not only for myself but to show my parents that I can do it.Do you think there would be anyone looking to buy?

Is this a deal breaker or maybe something I can use to my advantage when negotiating?

If he files a transfer deed to the Land Trust or if he "sells it" then property taxes increase, the change in hazard insurance becomes a tangle.I wouldn't give authority to a bank person to collect rents, file evictions, deal with repairs... there are set up costs and on-going management costs.

Quote from @Ryan Burris: I am still quite new to real estate with only 2 deals under me.

The best areas where you can still find deals. 

Right now, borrowing costs are higher than they've been in 30 years, so it's OK to wait a bit to make a purchase (ie. it may be hard to find a good deal today).

During that year we had 2 offers yet they backed out of the deal at the end.

I know some do SMS and email blasts but what have you found successful to get realtors' attention to send you deals?

A 3.25% rate would be something I hold onto for deal life LOL :) However, it may make sense for you to do a cash out refi (depending on how much equity you have + how much forced value you have in the property too).