The truth is if your investors have no involvement in the operations, If they just put in money and expect to get a profit, you have created a de facto syndication.2) I see a ton of people who just raise money for the syndication. 

The operations will make or break you. 

Front two units are full time STRs with a rear studio operating full time MTR. 

Depends on the operating agreement and docs you signed.

appliances? 

this works well if the tenant is a national user or multi unit operator who has built these buildings many times. 

As a sole operator, you have all the policies and procedures in your head and can apply them to many properties without referring to a binder.

You’ll learn how to:✅ Work with different investors and operators✅ Understand the dynamics of real estate partnerships✅ Build relationships that lead to future deals🚀 Lesson: Every good deal is a networking opportunity.4.

You want to be understanding and not "kick them out", but at the same time let them know you operate differently than the previous owner and if they would prefer not to operate that way that's a decision they can make.

It will also allow you to focus more of your time and resources in the actual real estate vs. raising capital which usually leads to poor real estate acquisition and operational decisions because raising capital is your full time job leaving an inadequate amount of time for the real estate.OK, chasing 32unit apartments, acquisition priced between 3.2M - 4.8M.