In this episode, we dive deep into the intricacies of property acquisition in real estate syndication. Tune in as we uncover the crucial role of the Letter of Intent (LOI) in the initial stages of property purchase. Learn why crafting a meticulously detailed LOI that aligns with the Purchase and Sale Agreement (PSA) terms is paramount for a successful transaction and the significance of understanding seller representations, prorations, fees, and the intricacies of earnest money.