Their ability to recover their money should you default is much lower in this position.

It makes sense now seeing that its more about ongoing duties after registration.Were I in a position to pursue syndication, I would certainly follow your advice and seek an attorney.

@Sean DillonAt 18, you're in a prime position to start building wealth with low expenses and plenty of time to scale.

I know that RTR positions themselves as “turnkey” but the reality is that they are more of a hybrid model - they set you up with everything you need and facilitate relationships with lenders, insurance, property managers, and so forth - but they are not the actual service providers.

Your cash flow is positive on paper, but how will that look in reality?

Here’s the winning formula successful local house buyers and wholesalers use to connect with sellers, close deals, and create win-win solutions:Be Relentless: Show up every day with positivity and persistence.

Do not place yourself into a position of needing to sell in a reduced value environment. 

It depends on what market - the midwest markets out here like Øhio have cash flow positive deals on the market.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

@Melissa Sejour  The search function shows many have used itReviews are positive   examplehttps://www.biggerpockets.com/forums/49/topics/310282-busine...