Trust and clear communication are key!

If they trusted you I would have bought it a just your primary and had them loan you money for interest or interest okay portion of profit at sale?

I like to think, if you trust their record or numbers - good luck to you.

• At what point in your scaling journey did you find that having a formal entity (LLC, LP, or trust) became non-negotiable for both protection and ease of growing your portfolio?

An alternative plan: put everything into a stable trust, with a good executor, and allow your portfolio to continue to provide income to yourself and your heirs for however long into the future until your heir(s) unwind the trust.

@James McGovernAs an out-of-state investor, some key things I’ve learned to look for before jumping into any market:Local property management you trust — they’re your boots on the ground.Neighborhood class and street-by-street variability (photos and Google Maps can only show so much).Exit strategy clarity — whether it’s BRRRR, flip, or buy-and-hold, your numbers need to work with conservative assumptions.Reliable contractor network if there’s any rehab involved — this can make or break deals from afar.And finally, verify rent comps and rehab costs with locals — online estimates often miss the mark.

Your PM is the expert in screening and you should trust their decision.

I hope you're able to make lots of connections and find a mentor in your local area.One thing I may recommend as you start your real estate journey, if you haven't done so already, is to learn about Trusts and LLCs.

Quote from @Dominic Mazzarella: I would ask this, when raising capital for a real estate syndication, what strategies have you found most effective for building trust and credibility with first-time passive investors?

To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating with integritySo, start out by CONSISTENTLY posting what you are doing on whatever social media channels you currently use.