If this is a project for you and you are newer to flipping I would have a seasoned person/mentor help you through this that has done it in the city for example @Joshua Janus as he mentioned it did it.

They are more useful IMO for getting chunks of equity right off the bat thru value add and then either realizing that equity by flipping it and using for a down payment on something bigger or hold a couple years and then sell at that point to do that then. 

You will build up cash on a monthly basis that could be used to invest other places either rental properties or the stock market. 

I've never used hard money for anything before so I'm not sure that's an avenue for me.Im hoping someone can maybe explain the ins and outs of this type of financing.  

Those returns will give you some insight into the integrity of the Syndicator, as well as raise red flags of a possible Ponzi scheme taking place with your money.Let’s look at the balance sheet again on the IRS Form 1065.

I wouldn't get too far into the weeds.

Can I claim this investment loss in taxes ? 

To put this into context: CA has more than 20X the homeless MN has. 

Here's an example: we use PriceLabs to gather data on all 2BD/2BA condos within a specific radius (5 or 10 miles, depending on the market).

sure, If you PM i'd be happy to engage in conversation about this.