I’m also OK with raising the rent to myself to get it in line with whatever is the going rate.

I would like to raise private money from investors I know personally to syndicate a commercial multi-family project(under $1 million and between 2-12 units).

There are several books out on raising private money and syndication, as well as MF real estate.

In my case it's my real estate agency, but it could be your day job, flips, wholesaling, or another business you start.While it's doable, I think it's really hard to quit everything and jump into long term investing full time right from the start.By building my active income first, I now have a way to pay my bills outside of my investing portfolio and it allows me to source financing easier, open LOCs, etc.Also, I've worked really hard to get my debt to income down on things other than real estate (i.e. credit cards, car loans, etc).

Based on what I determined during due diligence:The annual vacancy cost was >$3,500/Yr.Maintenance was >$300/Mo. or $3,600/Yr.The cost to make each of the units livable was about $15,000 each.There was no way to raise the rent even if the units were beautiful.

Since I purchased the building with a 15 years fixed loan the cash flow was not ideal (i.e. 5%); however the previous owners had not raised the rents for about 7 years, so I slowly started to increase rent.

Active investors, aka sponsors, aka general partners, build relationships with commercial brokers, find apartment deals, underwrite them, conduct due diligence, raise capital, manage the asset during the hold period, and communicate with investors along the way :) If you're interested in being an active investor, I'd encourage you to find a mentor.

I told the lender I am interested in applying for a business credit card using the EIN.

I just got out of a bad divorce that included a bankruptcy and I'm finding deals but struggling to get capital raised or qualify for a mortgage.

We raise capital for, develop farmland into, and operate vineyards here in Texas.