I only know about the times where this was found out prior to closing, obviously I have no way to know about the times this shady behavior wasn't found out.Since you get a vote in who this tenant is, and it's retail, PSA that commercial lenders (especially the ones offering the best terms...) are starting to vet deals by how 'recession proof' the tenants are, even if they are currently paying on time.

If a single deal works out at this scale, the family has problems like estate tax transfer limits ($13M per child) to think through.Further, as long as the funds/deals are separate from one another, the one that does go well instantly makes the syndicator an "expert" in that specific strategy or market, which then attracts the next 500K social media followers. 

Even then, many clients end up finding themselves working with a broker since lenders can change their guidelines, pricing, and terms etc.. at any moments notice.

Hi Matthew, start with any free resources we have like social media etc. follow industry leaders and maybe you might interested in my book happy rich and healthy book not just for real estate but also start building wealth without sacrificing your health.

What I would do is make sure you have a good long period to get a contractor in and you can pull out if gets to high.  

Even with prices going up, I still think you can find some great BRRRR deals in Cleveland as long as you act quickly and put strong offers in on the properties as soon as it hits the market since there a lot of other investors looking to do the same thing. 

I would rent the extra room(s) similarly to a medium term rental property.

It's great in terms of location, but the main issue that I have is that there is no public trashcan for the bus stop.This means that people are constantly littering around my property, and I am forced to pick up all of their trash.

I dont really see a disadvantage to investing in the self directed field other than it is not as easy to 'cash out' if you need the funds for something else, which is not always a bad things IF you are investing for the longer term, and that you can not leverage as highly as outside a plan.

You would want a contract spelling out the terms of the deal so everyone is covered.