Having a PMS with automated reminders has been a game-changer for us too, making it easy to manage renewals without much manual follow-up.

Finally, your hunch is correct: when the syndication cycle closes, your past "free lunches" will have to be paid for, aka recapture.Here're some relevant posts from your favorite site:https://www.biggerpockets.com/forums/51/topics/839015-are-sy...https://www.biggerpockets.com/forums/51-tax-legal-issues-con...https://www.biggerpockets.com/blog/real-estate-professional-...  

Potential Equity is not skin in the game. 

Vacation rentals are a cash flow game really.

Start cutting the favoritism, the golden net's, remove hurdles for small business launch, remove corporate favoritism and watch things correct themself. 

HELOC appraisals are notoriously low, just part of the game. 

I've even heard of GCs using auction type settings for returned items at Home Depot and Lowes for steep discounts.I've learned a lot about the GC game as I was up close to over 40 projects last two years and some went well and some did not and when they did not it was all Contractor related.If a GC isn't sourcing cheap materials at the same time milking the hell out of his 150-200 per day workers, then you can find yourself eating into your margins real fast. 

Kind of like a game of craps.

Everyone have a great Thanksgiving   Have to come back here for a long weekend and catch a baseball game. 

Sounds like a game-changer, or does it?