It's now converted into a cash-flow positive long-term rental.

If you just want consistent distributions over the long-haul, you may want a more stable deal with a longer horizon, even though that may mean giving up the 20% return possibility.

I have had a long term interest in purchasing an investment property and I'm looking to be smarter about this.

But yes long term I am interested in buy and hold single and multifamily. 

Managing syndications is a business, just like any other, and requires the same level of dedication for it to be successful long-term.But it gets better over time. 

So if, for whatever reason, laws change and you can't rent it out on Airbnb, etc, it still cash flows if you need to rent it out to a traditional long-term tenant. 

It is important that you keep the investment for a medium to long term.

If you're worried about finding tenants, focus on a location with strong rental demand, list rooms on platforms like Facebook Marketplace or Furnished Finder, and consider mid-term or short-term rentals if long-term tenants are hard to find.Good luck!

Play the long game and hold onto that equity. 

How long ago did you start?