The biggest surprises most people mention are how much due diligence still matters and how different managing paper risk is from managing property risk.

Markets like Houston, TX, Columbus, GA, and parts of the Southeast and Midwest have strong rent demand and developers offering solid builder incentives right now.It’s a great entry point for newer investors who want to start with something newer, stable, and cash-flowing.Always happy to chat more about what's worked for other investors.

The biggest issue I am having right now is that I need to get keys to maintenance guys or grant access to units. 

Because I'm a first timer, lenders are requiring 85% LTC so that's been the biggest challenge so far and instantly takes me out of moving forward.

Dropping rent slightly or adding a small incentive like flexible move-in dates can help keep momentum going without cutting too deeply into cash flow.Sounds like lowering rent a bit already made a difference, which is great.

Quote from @Jules Aton: My biggest waste of time has consistently been hold ups in renovations.  

Lower maintenance costs and builders are able to offer better incentives that solve for some of the problems in this market. 

Engaging with these communities can provide a more personalized touch and may lead to more interest.You might also try offering a limited-time incentive, such as a discount on the first month’s rent or free utilities for the first few months, to attract more attention.

For those of you who’ve invested in syndications, what sponsor traits have you found to be the biggest predictors of success or failure?

One of my biggest pain-points starting out in New Construction that I sought up people to teach me the process... and like you, I was willing to volunteer my time.