If you put in like-kind materials, you may be able to squeeze into that budget (if you're doing the work yourself), but you need to see what competition has to offer.

I feel that someone currently in the business would not be a good candidate because they might see me as competition one day.  

I'm not a CPA, but I've helped more than one person "get right" with the IRS so they could purchase a home.But to answer your question directly, yes there are stated income 30 year fixed loans at competitive interest rate pricing!

-------------------------------------------------------------------------------------------------------The main idea behind it is to get the unit rent-ready as quickly as possible using very competitive pricing model. 

Mine are always fixed rate highly competitive numbers since I waited the 6 months. 

You can get better or worse returns in a syndication vs. a buy and hold - you just need to evaluate the #'s, the sponsor's track record, and make sure you're comfortable w/ the assumptions of each option.Key differences:1) control: in a syndication, you have little to none, mainly just whatever influence your voting rights provides2) liquidity: in a syndication, it's not easy getting out prior to the entire group selling the property3) time: being a passive in a syndication is about as passive an investment as you can get, whereas buy and hold will involve landlording, repairs, maint,, etc. unless you hire a PM company4) 1031 exchanges: must easier to orchestrate on your own buy and hold property.    

Hi Stephen, it's always good to know what the competition is doing.

I haven't been there, but my friends told me that it's highly competitive, and a lot of due diligence has to done on these properties.

So we get similar results to the "guaranteed sale program" without really offering as such.All that said, I think it's a creative way to market real estate services, and it can be a competitive advantage for those that employ the guaranteed sale strategy.

They almost think of it as a "boutique" rental.Once you figured out your tenant profile, turn that into a competitive advantage...You can't discriminate, but tenants also like other tenants with common interests."