They can buy only commercial retail properties themselves to own directly, only invest in syndicates, or do a combination of both for their investing portfolio depending on their goals and comfort level to percentage allocations for each strategy.I am not a big fan of owning multifamily out of state especially the small stuff.

(PITI) It has the greatest impact on higher cost areas. 

You might have 100 properties come across your desk in a week. 50 pass the 1% rule, 15 pass the high-level number evaluation, 10 make it to a viewing, and 1-3 result in offers.

In my limited experience giving a TA of $$$ at this level of tenant is not very common and suggests they are financial challenged. 

The greatest thing about real estate investing is that we can get as creative as our minds will allow as there are many, many ways to fund a deal.

I keep hearing all different views, SFR will not make you money, you need multi level units. 

There are currently 11 listed in SF and 49 listed in Santa Clara county.... that is about 1/4 to 1/3 of 2011 level....

Properties will have varying levels of risk based on where they are located.

The project looks daunting and well above my comfort level (and my wife's).  

Giving up in the process should never be an option, so I should continue moving forward until I complete the task I started.Additionally, one of my greatest challenges was dealing with a hard money lender.