For rentals, they can work well if the HOA is investor friendly and cash flow numbers make sense.Financing can also vary, so it’s worth checking lender requirements for condos (warrantable v non warrantable) versus SFRs

Highlight the “family-friendly” perks, like extra beds, pet policies, and flexible terms.

Those rentals debt serviced and also covered my California monthly rent (I know some of you may question paying someone else's mortgage) but at that time, I preferred the renting lifestyle which placed me much closer to work, my family, my clients, and friends.

A friend of my wife’s brother in Maui has a 5th generation cork and cattle farm near Gibraltar, Spain.  

Here are a few additional ideas that have worked for me and others in competitive markets like Austin:Off-Market Leads from Contractors: I had a friend who rehabbed a house in North Austin last year.

For my long term rentals I am no longer purchasing in New York State and I am going to be searching out of state in a more landlord friendly state such as Ohio or Pennsylvania.

But that doesn’t mean that you can’t find them with some good old-fashioned shoe leather.By far the best way to find great syndicators to invest with is to get recommendations from friends and colleagues who are already investing.

If they have been paying on time and taking care of the place, there is no need to screen them.If they want their friend or family member to live with them, then you screen that person and decide if you want them living there. 

@Dmitriy Fomichenko not sure if you were aware, but depending on your income and circumstances, you can convert that money into a Roth IRA, tax free.A friend of mine lives in Washington state (no state income tax) and his taxable income is about $50k a year.

I always suggest finding an investor friendly real estate agent as they can be your gateway to all other connections!