Readers should seek professional advice.

I might get some activities out of time sequence. 

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.

Here in TN brokerages regularly hold EM deposits; I have a dedicated account for such deposits myself, by law, even though I don't actively broker RE but just maintain my brokerage for the PM side of things.

As most investors seek to do in real estate, we want to generate positive passive income through multiple avenues such as equity, cash flow, and even tax advantages.  

Readers should seek professional advice.Thanks for your reply!

Quote from @Muhammad Kashif: I would seek the advise of a CPA on this one..

Since Joe is not a registered lender, Joe is not held to the same standards as a lender and the sale could be a wreckless and poor activity by the bank putting Bob in that situation.

Readers should seek professional advice.

I had thought about just doing LTR but maybe yeah I want to be more active in managing them myself, taking more risk, and go for the STR/MTR.