New roof, new furnace, new water heater...you still come out ahead in cash and way ahead in experience.  

For example, 1) the degree of the managers fee can vary and has an impact on the IRR (the smaller the fee the higher the IRR, all else being equal); 2) the profit share percentage of the syndication manager is not equal across all deals; 3) investor prefs can boost their IRR; etc.Typically, a newer more inexperience manager will not command a high management fee nor a high profit split percentage. 

But in my eyes, you would buy 10 houses with $40k down ($120-$150k each), keeping $200k to compensate for your inexperience and weather any changes.

Being so naive that managing A through D class is all the same shows the inexperience.  

Build your team, and jump in!

If that sounds like more money than you can afford no worries, there are lots of A+ investing strategies that require less capital, pivot to those and do BRRRR's later when you have more cash.DM me anytime, good luck and don't wait to long to jump in- experience is the best teacher :).

Feel free to ask questions as you have and most importantly don't let your inexperience stop you.

Your returns in experience, education and confidence to do your next deal are almost always more meaningful than your cash flow. 

Where others are lacking in experience, we provide wisdom.

After discovering some severe plumbing issues, replacing a roof, and more, we racked up around 35K in rehab costs (a good mix of using bad contractors and inexperience in evaluating the condition in our preliminary walk through).Final clean up was a couple more thousand and landed us right around 80K in cost.