I don't know the rental demand, or the demand for families buying single family homes in that area.

Rud, Syndication deals (and crowdfunding deals which are essentially syndications that are allowed to market over the Internet) can be set up in numerous different ways.So there isn't going to be one single answer for this.To answer your question, I am not an accountant and you should always consult with your own tax accountant before making any investment decision.

Keep an eye on the STR regulations, and as you progress, consider diversifying your portfolio with other asset classes like commercial or single-family rentals for added stability.

It seems like investors strongly bet on appreciation here which I dislike.

1 year lease for an apartment to a single woman with a dog in Duluth, GA. 

Depending on market, I would plan to invest 100k in a single family home, find a good property manager, realtor, attorney in compelling market and just start. 

My bet is they won't be happy about it.  

Every single surface in the house was redone/replaced.

Take for example, while representing buyers in single family transactions, during the negotiation, I ALWAYS ask the sellers to credit the buyer(s) up to 3% of the asking price toward the buyers costs.

I bet short term rentals can work right in your own backyard!