@Dave Vona, there are a lot of challenges here in comparing the two.I have invested in SFR and syndications, granted syndcations only started about 4 yrs ago, where SFRs were 14 yrs ago.The biggest challenge in comparing these two, from a very technical aspect, is you are using syndicators 15-18% projections on value add properties (and the rent increases that can come with them) versus a more turnkey approach.So let's look at most syndicators in the value-add space and for completed deals:I would say, many groups hit roughly 25% IRRs for their LPs, often with a roughly 2-3 yr hold. 

We can attack in any direction.”One of the challenges in the MTR space is that we are nationally surrounded by so many opportunities, but not all of these are present in each region.

Short-term rentals (STRs) in San Antonio offer both advantages and challenges, especially in light of recent regulations.Pros:Increased Income Potential: STRs often generate higher rental income compared to long-term leases, as they charge daily or weekly rates.

I'm able to locate a hard money lender for the purchase and rehab, but the exit loan strategy is challenging.

I have an attorney in Illinois (Sottile and Barile) who we use that might be able to provide some assistance on this as it could get complex in regards to the situation - especially if any of the current deed holders have children involved.

The business is already challenging, and with goats moving the goal posts, it becomes even more difficult.Then they wonder why there is massive migration to the south and sunbelt.

This could be a useful strategy if you need more time to negotiate a good price for your current property.Exploring Financing Options: Given the higher interest rates in 2024, securing financing for your replacement property can be a challenge.

When I started asking specific and perhaps challenging questions about the contract, the sales people disappeared. 

Probably the biggest challenges I see are housekeeping and if you need PM, that could be a challenge.

I hope that helps explain why it may be a challenge to find a PMC, feel free to reach out if you have any questions!