If they do not qualify for conventional loans most private money are business purpose loans and require you to put it into an LLC

I'm not a cashflow is everything guy but I don't like taking money out of my pocket to pay bills. 

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

Tenants save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges. 

No Trespassing, Private Property, Video Camaras in use...Oh yeah...

To summarize, if you are approached by a syndicator raising money for a multi-family building that meets this multiple offer fact pattern (as is usually the case) who is awarded the contact, they more than likely assumed the most ambitious rent growth, most understated cap ex costs or operating expenses or lastly the cost of equity (your return) is projected to be less than the LP’s the other bidders relied upon.

Real estate investing makes money.

The first 5 times will be painful and frustrating - watch one of Brandon's or David G's videos on how to run the numbers - you'll become quick after a few dry runs.Just make sure you underwrite the deals against your Goals (ROI %, Cashflow $, potential longterm appreciation, etc), and run the numbers as if you're NOT in the property. 

Love the STR arena of investing and providing a place where guests want to pay you their hard-earned money to stay at your place.

Quote from @Jason Wray: When you sell it just do a 1031 exchange by buying another property and call it a day, that way no taxes I actually want to use money to buy a new primary.