My main advice for avoiding liability is: (1) work with a great insurance broker to get comprehensive coverage; (2) avoid signing full recourse personal guarantees whenever possible; (3) max out your 401(k) or defined benefit plan with ERISA protection; and (4) strive to reach a point where you’re not personally involved in the business’s day-to-day operations.Disclaimer: While I’m a licensed attorney, I’m not your attorney.

So your odds of reaching that 8-10% CoC potential is possible, but tougher.

Meaning if there are partners involved, are you compensating your self for the time you are spending on management?

So if your big into water sports, living in the desert could have all the profit in the world but it's going to be miserable hell and odd's are after some months the profits wont matter.

I have a strong network here and know the key players/stakeholders in the community and am trying to learn how I can get involved to make an impact to change the community and restore the existing (beautiful) infrastructure. 

It will say way faster, easier for showings and easier for everyone involved. 

If the person managing the synidation does not have a pre-2007/2008 track record, that is not one I would get involved in.

It involves analyzing the real estate cycle and identifying the right moment to buy and sell properties.

The property manager will be involved for years, and they want it to be something easy to manage.

Had horrible luck making good money without too much time and labor involved.