Long-distance investment adds another layer of research, it’s a killer.

All of the above sounds like nice work if you can get it :) But the layers of risk to a newbie investor are not in your favor and you didn't even tell us what interest rates the HML and PML will charge you.

Our plans include searching for and filling small holes and cavities with acoustical caulk, adding a layer of roxul safe and sound between joist, attaching resilient channeling, and finishing with a 5/8 in drywall layer. 

Besides painters, I have found carpet layers are the most stoned individuals within the construction trade.

I am out of state investing so that has added little extra layer of complexity. 

Liability risk management for me involves an "onion layered" approach.Layer 1: Know the law, follow the law.Layer 2: Respond promptly and professionally to legitimate repair requests.Layer 3: Properties held in Limited Liability CompanyLayer 4: Carry adequate liability insurance. 

If you do borrow rehab funds with conventional you may not be able to close fast enough, that is a whole new layer of underwriter and paperwork.But I don't think remote closing will substantially add to your cost.

Hi @Robere Istatia - There are a few other layers to this, such as debt/income and LTV, but assuming credit scores are the only issue, there is a potential option.

And since you actually own a deeded % of the real estate itself, if it's debt free that's one more layer of risk eliminated. 

To add the layer of syndication versus just keep transacting there has to be large upside to it.Now there are other syndicators that come from low paying fields or jobs making only 40,000 a year.