If you want to stay closer to home, yet at a fraction of the cost - Temecula.

@Travis Watts, Given the definition that "syndication" really just means a fraction ownership of an asset by not equals for a common goal there are definitely some different options than the typical "LP" syndication that is prevalent today. 

SmartBnb blows the competition out of the water and at a fraction of the cost of most of the other options. 

It is considered a condo hotel since there is a front desk and other properties there that are fractional.

Not even spending a fraction of what direct mail costs.

Paints are much improved in the last 15 years so you can get away with less work than you could in the past, but I still always do 1 coat of latex primer over new sheetrock and then 1 coat of Glidden Duo and it looks fantastic.Primer is a fraction of the cost of paint, so my method is cheaper than 2 coats of paint.

Well, once you ask questions, its learned that they own a mere fractional share or equivalent of the "hundreds" of doors.

This is not as one sided as it seems because there will be some defaults and hence opportunities to own a few of the properties lent on at a fraction of market value.

There is the step up basis at death, the move into passive fractional ownership and making income on tax deferred dollars and the deferred tax, and the periodic conversion from investment into primary residence.  

Interestingly LA figured it out, most investors went to cash only, and fractional ownership via investment groups once the prices outpaced buying ability for the average investor, which helped keep them from taking much of a hit.This drove Millennials to stay home longer, a lot longer.