A business plan is a worthwhile effort, because it helps you understand what you don't have figured out yet and other team members you will need.Happy to answer any specific questions, just PM me.Rich

In more specific terms, you need to figure out what the optimal DTR is and meet or exceed that if you want to be in a good position for loan.

I did not disclose the tree issue to the buyer since it wasn't specifically called out on Form 17 (WA) and the assessment was questionable.

@Brian Burke  I think one main difference is the syndicator can send out a blast email to all investors at once on a specific property. turn key or PM has 1000 different properties for 700 different people and 600 different messages much much tougher..But generally speaking syndication is a higher level organization for sure.. 

For me it depends on the age and quality of the rental.

I can connect you with a couple of wholesalers as well, but those deals aren't very laser focused on any specific buying profile... so it could take a very  long time to find the needle in the haystack with wholesalers. 

I am also new to the idea of real estate investing and more specifically earning income via rentals. 

Now, you need to realize that a condo is meant for a specific purpose.

We used one of those legal websites and here is the language we used with repayment specific to our situation.Loan AgreementDated: __________FOR VALUE RECEIVED, the undersigned, NAMES (the "Borrower"), located at ADDRESS, hereby promises to pay to the order of NAMES, (the "Lender"), located at ADDRESS, the principal sum of $XXXX together with annual interest of X% on the principal balance, and in accordance with the terms set forth below.Payment.

Your trusted 3rd party has almost zero chance of buying your specific note.