Is there the occasional premature part failure, of course, but even Mercedes has recalls from time to time, no manufacturer does the QC on electrical components they use. 

If not much time at all, then no, the rental income is not subject to KC income tax.The IRS defines active participation in an activity of 250 hours or more a year, material participation as 750 hours or more.

In metro areas like LA, NY, Denver, Chicago where housing is already scarce and expensive, there can be more risk as rules are not necessarily clearly defined and there is more concern about the housing for LT residents.

I'm not familiar with the San Antonio market, can only speak to the Raleigh/Triangle area market but here's my take: 1) I'm currently invested in Raleigh, Cary, Smithfield, Selma, and Lake Lure NC2) I would consider other cities in NC, but not in TX just due to proximity.  2) SFH vs multi... there are a lot of factors, so depends on how you define "less headache". 

@David Tang Unless there is an employment component of this program I would not do it.

Only there is an added component to the 1031. 

https://michiganchronicle.com/2024/01/03/major-developments-that-will-define-detroit-in-2024/For Property Management Companies, check NARPM website.

It's not possible to answer the question without defining the scope of what you want...a swim spa style system craned in over the roof could be a couple weeks if it's in stock and can be delivered ASAP...then you just complete decking and landscape and it's finished.

But the most important component of any real estate syndication is inarguably vetting the sponsor and understanding the business plan and how your money will be used during the plan. 

Set Clear Goals: Define your objectives in real estate investment clearly.