That also plays a major role in what to do. end of day stocks and real estate over time provide the same return on average - so it is really based on the individual, their experience and desire Thank you. 

Since this is a short-term flip, the IRS usually sees it as active income, but if your role is truly hands-off, there might be a way to treat it differently.Have you thought about how you’re structuring the deal?

Of course, track record and conservative vs. aggressive underwriting/promotion play a role in the reality of what you're hearing from any syndicator. 

If you want to play a passive role, a real estate syndication or debt fund could be a great way to go.

I was curious how those of you that work with partners clearly define the roles and benefits within your entity.

But trust is earned and as I learn more (and remain open to pivoting to MTR and LTR), not sure in our specific case, the 30% is worth it (which is the going rate locally) and can be in the range of $30K+ per year.

If this endeavor doesn’t fully pan out, I’m comfortable treating it as a side project alongside my W-2 role.

Pivoted to a new market for my 3rd property where the entry price is low but revenue is moderate, average listing quality is poor, and occupancy seems steady year-round.

My long term rentals are located in SC, also in a city, and they play a big role in the numbers.

I’m definitely open to exploring roles in property management, lending, and transaction coordinator to help me learn the ropes and save for a down payment.