Now, my boyfriend and I were originally going to get an apartment together but, I noticed we’ll be spending a lot of money for an apartment that we do not own.

At least the money I’ve been paying them is.Another thing about Hayward is that, if you own five+ rental units (unless they are SFRs) in the city, you fall under rent control.

But look at the origination fee, the appraisal (costs more than an SFR), inspections, etc. and you could spend 10% of the loan amount of those costs.

I understand if one does not want any real estate related related responsibilities, then you cannot control the costs.  

I'm a local HML myself now, but I encourage everyone to develop their own private money in their circles of influence and spend a little time each year putting on a class on how to do it. 

If you decide to spend ad money on Facebook, Google, etc, you can either do so yourself or buy ad credits straight through them. 

I was looking there to invest a year ago but was told by some realtors/investors that there is rent control capping the amount you’d be able to charge.

I've been spending some time looking at listings on Zillow and targeting rehab houses that have been on the market for awhile (>30-60 days), in neighborhoods that have a close proximity to sought after neighborhoods that will hopefully be rising in home value and with median home values that are at least 1.5-2x the asking price for the house in question.

I understand that syndication investments are low transaction volume investments and, therefore, less of a need for checkbook control.

So, your going to spend $800,000 in the sort term and pull $700,000 back leaving $100,000 tied up with a return of $1000 a month?