If the seller says "its a solid 7 cap" and its more of a 5-6 cap after you purchase and the taxes go up, do you mention it?

Craig, are the properties you mentioned on the market?

At the very worst case, as Alanna mentioned you could convert it to a LTR.

I did all the options mentioned above to buy properties with $0 or little money out of pocket.

As mentioned above, calling numbers on the Do Not Call (DNC) list is risky, but at the end of the day, enforcement is quite challenging.What you REALLY NEED TO WATCH OUT FOR ARE - litigators.

Uses the syndication depreciation losses to help offset active incomeI did read your post mentioned above @Michael Plaks which is very informative.

As mentioned above, you can quit claim ownership of the property, but you are right- lenders don't like that. 

Mention all of the pros of the property (mechanicals, rent amounts, location, etc). 

You always invest in areas that support your thesis on the development going forward, not historical.Everything you've mentioned is how you're emotions work.

You mention a traditional STR PM agreement where the upside is shared by both parties.