The one syndication I entered wasn't advertised and the fees were much lower for the GP and the GP has much more skin in the game.

But it's in your interests to make sure the property value makes sense and the borrower has skin in the game.

To further boost occupancy and revenue, consider revisiting a dynamic pricing tool like PriceLabs, as it works best with more time and data to adjust rates competitively.

That said, Detroit is very much a block-by-block market, so understanding the dynamics of specific areas is critical.For professional investors (and even newer ones), Detroit’s future is bright if you approach it with the right strategy, solid due diligence, and an understanding of the challenges.

Regarding getting started, I recommend finding an STR owner who's overwhelmed or just worn out with managing their property, and perhaps who's also not using a dynamic pricing tool, and then offering to manage it for a very small cost. 

@Brice Alef-Torrisi, there's lots of different ways to skin this regarding entity structure and financial account structure.

A percentage base gives the company skin in the game, as they're making (generally) nothing when the home is empty.

Because the often dynamics of those locations.

It’s crucial to be mindful of area-specific dynamics, as some neighborhoods have higher crime rates.

But there is only so many ways to skin the real estate cat..