Logically we keep telling ourselves, we have the experience to easily make the transition but mentally there's a big difference when dealing with 100's of thousands of dollars on a single fam / duplex and millions of dollars on a 20+ unit property.

If it has significant upside value, you should consider flipping that yourself or find a partner who knows what they are doing to flip it and split the profit.

was there an agreement between you and your parents that they should share in the profits / losses of the airbnb / property.If there was an agreement, they should also be included in the LLC.It is best to discuss this all with an attorney.Best of luck!

@Puneet Mahi,Property management can certainly be a profitable business, but it’s more complex than many people realize.

The best advice is don't buy in any area that prohibits STRs or makes operating them so onerous that you're unlikely to make any profit.

These are big money plays life changing profits but RISK you bet..

Good Morning AllI am still working on transitioning from an active real estate investor ( SFR portfolio ) to passive investing.I have invested in one MF syndication with Vanamor in California.I flew down and met with the principal and toured the property and a numbe r of comps.Bobby was great and I am hopeful that it will turn out great.Now I have to place more $$ in January and was hoping to get feedback from members on a couple of syndicators.1,Sunrise Capital Investors  (Kevin Bupp ).Mobil Home Park funds.2.

And many are very profitable with scale.  

Some investors have found that working with the right team even in challenging markets can be a pleasant and profitable venture.  

Everything you posted is correct except your definition of “profit” unless you only paid $140k.