Just trying to get started and although there is plenty of information out there, I thought the value was in getting the first deal with them and then learn how to replicate it.

Quote from @Mathius Gazi: Hi All, My business partner and I have done a few successful multifamily deals in our area in the past, and we now have a group of family, friends, and associates who are eager to join us in a syndication where we replicate our multifamily investment strategy in this local metro.

That makes sense - the in-person read is hard to replicate.

However, the core principle is using a HELOC for interest rate arbitrage, a concept that can be replicated manually with sufficient financial knowledge and a spreadsheet, as some users point out.

Usually easier to replicate and easier to exit.On who to get advice from:You want someone who sits at the overlap of:• Active investor (not just an agent)• Familiar with ADUs, STR rules, and local zoning• Comfortable modeling both cash flow and refi outcomes• Actually owns similar assets, not just advising on themA local investor-operator or small multifamily-focused broker who owns property will usually give you better guidance than a pure architect or agent alone.One final thought: custom projects can juice returns, but clean acquisitions tend to scale cleaner.

We can share our experiences and opinions, but what worked for us & when it worked, can't be replicated. 

One of the biggest challenges we’ve encountered is competing with large scale co-living operators like the Historic Central State Mansion, which can offer rooms starting around $450-$500/month along with amenities that single family rent-by-room properties simply can’t replicate—such as a pool, gym, and on-site coffee shop.Beyond pricing pressure, shared housing also comes with increased operational complexity.

From a long-term perspective, this is one of the strongest and most reliable real estate markets in the country, with fundamentals that are very difficult to replicate elsewhere.If your focus right now is learning and getting connected, I’d prioritize building market fluency.

If an investor is successful recycling their capital using the BRRRR method, they will most likely replicate the same process repeatedly.

A lake resort with cabins, docks, and boats is one of those assets that is hard to replicate once it is in the right hands.Your numbers look solid, especially the low expenses.