Research the operator's track record and read the offering documents.Like Evan said, a syndication = pooling of capital, regardless of the asset class or the part of the capital stack the investment is applied to. 

I'm looking to exit of the Midwest - I've gotten different feedback on appreciation in Indiana but so far I don't think it will outpace the property tax increases, 17% (on nice suburban home) and 16% (Class C) recently and repairs on Class C.

I, like many used to think “newbies” posted questions or asked for “help” to obtain the best advice from experienced investors, obtain guidance on strategic alternatives, or get a qualified opinion on whether the latest hot guru was worth the $40k price of admission.But, I was WRONG.No, none of those reasons are why newbies come to BP.They don’t want to find out that their “revelation” about how to invest has been tried about 10 million times - with limited successThey don’t want to learn that without capital, knowledge and experience their willingness to commit weekends is near uselessThey don’t want our opinion that they should skip trying to wholesale and spend some time learning as a licensed agentThey don’t want advice that has them taking classes at community colleges or learning real estate law, finance, or principles.So WHAT do they seek when they come to BPThey want comfort, encouragement. and to be told their thoughts are correct.

Especially in one of the B class areas in Chattanooga.

Good afternoon,
I'm looking at a property listed for $52,000 in the 19134 area of Philadelphia, where similar properties are selling between $50,000 to $75,000. I asked an agent about typical bank appraisals for simi...

@Ricardo Serrano this copy & paste info may help...Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I typically do B/C class rentals and flips so I may be in a different genre than you.  

Depends on location, type of space, class of space etc.Class A office space from Rockville to Germantown is $40-45 a square foot.

Felix Rodriguez it is very block by block but in general the near northwest is either D class or war zone type.

People kill their baby money soldiers too soon, and they kill them by spending them on luxuries, like you describe.To me, it comes down to mindsets, the poor, the middle class and the wealthy mindset.