My husband and I are licensed financial professionals and we love to educate on IULʻs or different types of policies that can assist in situations such as these! 

Read carefully any PPM for any of these syndications and identify how many times the SEC demands the following disclosures: 1) you can lose all your money 2) there are uncontrolled risks 3) there are no guarantees 4) the numbers are all hypothetical 5) the syndicator will use leverage 6) the market usually fluctuates 7) the SEC does NOT have a copy of the PPM 8) the SEC neither read nor approved the PPM 9) the SEC does not vet the syndicator 10) the offering is not registered with the SEC 11) there are conflict of interests 12) the SEC encourages you to seek professional advice Etc etc The game of real estate is based usually on investing in your own back yard and getting some reasonable leverage and if things go against you, then decide if they are issues related to the market cycles and you can hold on till the market shifts and recovers or you should just dump the project at a loss and pay off your loan.

Just be mindful of the following things when it comes to California.California does not recognize Bonus DepreciationCalifornia does not recognize real estate professional status.Therefore, you can potentially reduce your Federal taxes but not your California taxes.

Readers should seek professional advice.

I would also like to add a JADU on my property so I am in the process of exploring all of the financing considerations with my lender.

Networking with the professionals in your market will start to open doors and opportunities to collaborate will arise! 

I would consider staying with your parents and investing in another market that stretches your dollar and covers the cost of a professional property manager.

Educate yourself with books, podcasts, and market research, define your goals, and build a team of professionals to support your journey.

Readers should seek professional advice.

Or explore what BP has for calculators under the 'Tools' section.