Group Investment Pros and Cons(Syndicate)

[Vikas Grover]

As an investor with less time to manage, is it better to do group investment and have them identify, buy, renovate and rent? 

By refinancing, as advertised, I should get good part of my principal investment back in few years. And from there after, I get rents and become part owner of the property. When that happens, I get good part of my principal back, it becomes free income (dividend) for me. 

It seems easy and low overhead. 

What are the gotchas and disadvantages?