To expand on your point, sources and uses and the capital stack more broadly are a critical part of the analysis that any LP investing in a syndication should pay close attention to.One thing I’ve seen repeatedly in these forums is investors blaming higher interest rates for wiping out all the equity.

That combination will get you the deals where the math stacks up.

Even better if you are willing to be a little more uncomfortable and stack a few house hacks together over a decade or so. 

I have been the realtor on a few 1031 stack deals (aka morby method).

When owners start researching on their own, risk tends to stack up.I’d recommend looking for a screening provider that layers multiple database searches instead of relying on a single source, uses FCRA certified screeners who review potential hits and contact courts to authenticate records when needed, provides real client support, and connects directly to payroll systems and banks to eliminate fake paystubs and bank statements.Screening is never perfect.

Keep stacking cash, protect your credit, and focus on learning one strategy well.

Build your credibility stack now: brief 1‑page story, sample underwriting, references, and a weekly update email to your network.

With that said, we ask for non refundable deposits along the way to make sure the buyer stays focused on our deal and not allow it to be the one that continually falls to the bottom of the stack every time their dog gets sick, because I was able to help get them so much time.

My wife and I have done this multiple times moving property to property in North Jersey putting down as little as 3.5% Purchasing OOS will be 20-25% down costing you substantially more out of pocket, other hidden fees include:  property management, inflated turnkey purchase price, slow appreciation, low year over year rent in creasesMany will say NJ is not landlord friendly.

Real protection isn’t stacking entities like Pokémon cards—it’s running your LLC like an actual business so when a judge looks at it, it doesn’t feel like you’re just wearing a fake company hat.