- I guess I could sell the individual units.

Quote from @Rud Sev: Hello,I am new to the world of syndication (LP investor) and want to understand how taxes at a high level for syndication as LP before asking individual specific questions to my CPA.Notably, I want to understand how preferred returns/cash flows are taxed, if at all, until the amount invested has been returned.

STR....I can only imagine the groups of individuals who will rent this house on a short term basis.

Quote from @Alex Silang: Stop playing around.

I never had that come into effect on my single family home purchases since I never wanted to personally be on the hook for such a high mortgage, but I think it might come into play for an MFH. 

I'm sure there's individuals that are good at both, I'm just speaking in generalities. 

Need something to play with, so maybe different market for something new.  

Some of the best BRRRR deals I have seen play out this way:You buy a home cheap enough that when you do a renovation and pull out 75-80% LTV, your rent covers your mortgage and you have returned most of your investmentThis is for A-B class areas. 

South End’s growth should support that play.

In my experience, being around growth like minded individuals is what has allowed me to grow the most.