[tommy2]

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great stuff. thanks for the info and thanks for the thread.

bwana

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You are welcome. I forgot one step, though. Hire a very solid and experienced attorney (ideally one who is also a CPA) to help you put together your legal documents. Network with other developers and syndicators to get some names. Make sure your equity raise includes enough $ to cover the down payment of the property, all associated fees to put the deal together (these alone may add 5-15% of a load to your deal depending upon the size of the deal) and a fee for yourself for putting the deal together (4-8% of the equity raised is normal).

Hope that helps. Feel free to PM me if you have more questions.