Yes, Dustin is it a good idea, I do it myself quite often.

Some things I do to avoid bad situations: screen well, only have properties in good locations where people actually want to live (I find tenants behave better when they know they have a good thing going for them and that they are easily replaceable), set proper expectations, have a rock solid lease, go over it with new tenants to make sure everything is clear and agreed upon, and enforce the lease by issuing a formal notice to pay or quit every single time rent is late by even one day (and charge the late fee), or a formal notice to cure or quit every time there is a lease violation.

This cpa/real estate podcast has quite a bit of info on all the STR tax components https://podcasts.apple.com/us/podcast/tax-smart-real-estate-...

You can find this information at sfgov.org here and you can filter it based on neighborhood or slice and dice that data as is helpful for you.I've seen a lot of buyouts and its been quite some time since I saw one go 6 figures, but it is possible.

I’ve filed probably 20 x 5/7 day pay or quit notices.

Leveraging technology can be quite a time saver.

3) Internal vs External (In-house service teams vs Outsourcing: AM, PM, IR, Back office, Operations)4) Does the Sponsor prefer a single market?

@Guy IdanA great way to learn about syndicators is joining a Community - there are quite a few dedicated to passive investing in syndications. 

It’s been quite a few years since I’ve executed a 1031 process & obviously I need to engage an RE JD with CPA CA experience.  

I have taken a few construction loans from the national HML and its quite frustrating and I only do it when my bank Credit lines are maxed and there is a project that still is profitable and I don't want to miss it..