A newer investor should focus on acquiring property's with high leverage so that they can reap the rewards of appreciation and equity.

How bad is the insurance, how high are the property taxes, is there an Hoa, etc etc. 

With a manageable purchase price and the opportunity for high-impact renovations, it fit perfectly within our investment strategy, promising a solid return.

Heating costs and interest rates dont help the numbers but demand is high and resale numbers have been impressive

Quote from @Rud Sev: Hello,I am new to the world of syndication (LP investor) and want to understand how taxes at a high level for syndication as LP before asking individual specific questions to my CPA.Notably, I want to understand how preferred returns/cash flows are taxed, if at all, until the amount invested has been returned.

We decided the cost was too high and it was not worth it from a financial or risk perspective.  

I had two problem tenants back to back-one was a long term tenant and I don't know what happened with her (possibly drugs), the other covid hit and her and her husband split up and she got in with some troublemakers who she knew from high school. 

Looking at Wichita, It seems like many neighborhoods have extremely high vacancy with 20%+ in many.

While opportunities still exist, I think they are still rare with interest rates and property values high.  

These also all have corresponding Youtube Videos on the Real Estate Rookie Youtube.