I leased a property in the Central District in February and there were no problems because I followed my procedures and policies

It does run into the plain language of the Treasury Regulations 1.469-1 which contains this definition:Period of customer use.

Get to know the­ local rules - landlord-tenant laws, zoning regulations, taxe­s, insurance, and property manageme­nt duties in your area.

It's essential to familiarize yourself with the local landlord-tenant laws and work with a reputable property management company to ensure smooth operations.Short-Term Rental Laws: Philadelphia has regulations on short-term rentals, but it is still possible to operate Airbnb and similar platforms within the legal framework.

Oh one more tip, ask specific questions, like who is going to not say “yeah im great with communication” , be wary of this trap too because you want the PMs to focus on doing their jobs rather than answering 20 emails from each investor each week, time is our most valuable resource please don’t take up too much of it, when you say “yes” to something you are also saying “no” to something else (opportunity costs)Questions to ask:- what is the eviction process like after COVID 19 in your city (ask for details and differences beforehand)- what are the city rental regulations, what is the process to obtain a rental license, how would you rate this city compared to surrounding cities on difficulty with this process and working with landlords- how do you handle late fees and payment plans, if a tenant calls and says they’re going to be 5-9 days late but have been on time for 6 months what is your response- if multis - how do you handle tenant conflicts- why do they work in property management and how did they get there- if you could invest in any city in the state where would you and why (I love this question because it will tell you if they know where the most profitable areas are for investors and ROIs and hidden costs)- how is water/water bills handled in this city

Depends on your local rules and regulations, but in the state of Virginia such a practice is perfectly lawful.PS: Do not take model legal language and incorporate it into your contract unless such language comes from an attorney. 

But that's no guarantee.And, you can follow all good screening procedures, professionally run your business, and don't get too cozy with your neighbor/tenant.After that, roll the dice. 

If you want your rental to be successful, you must continually educate yourself, have strong policies and procedures, and be prepared to take action against bad behavior.The best thing you can do right now is start looking for a professional property manager.

Thoroughly analyze prospective inve­stments through inspections, financial revie­ws and familiarity with local landlord-tenant regulations.

For something to be a syndication, it is SEC regulated.