Andrew the Selling Agent actually represents the buyer, also known as the "buyer's agent" (I know it's confusing but that's how it is). So

If you can buy within a 2 hour drive (maybe Sacramento area, which is what I'm considering), you have a lot more control as far as checking on the property than buying OOS. 

Go with your instincts, because it is so hard to make a 5 year decision based on what you know today.

They don't do any extra vetting before accepting members as far as I know!

For all that work, it seems even less likely to be able to compare bids from different lenders ... if you can find two lenders that you can get competing bids from (on the same loan product), then you've hit the jackpot as far as I'm concerned.

@Russell Brazil I do meet the qualifications, both as far as education and as far as points. 

How does that work with an LP who loses money in a syndication as far as tax write offs?

As far as $12,000/year in cash flow if that was your only metric I’d say that makes sense because I have a similarly priced SFH I own in my market that before I refinanced it was cash flowing about $950/month.

As far as I know the best way to hide the assignment fee is to double close.

But until someone provides evidence (via their primary research like I did) that central NC, with 1M in population is completely different from everywhere else as far as SDIRA investment behavior, I will assume the above is consistent with the rest of the country.