You need the ability to do something with those opportunities doing rehab work and you need to be able to execute with professional quality property management. 4.

Running a syndication is certainly more work, different types of work, different personal and professional risks.But beyond those risks, your investors are your bosses.  

Unfortunately, on BiggerPockets, you sometimes have to be cautious, as some professionals listed there aren’t always reliable since realtors, lenders, and contractors pay for leads through BP with little background.

Professional trade journals such as Accountancy, Tax advisor and others. 

Readers should seek professional advice.

Readers should seek professional advice.

You should consult with your tax professional on the matter. 

Not true, but don't believe me or anyone else, go find the answer from qualified tax professionals!

I can generate some anecdotal examples, but would really like to see a professional study, existing court case, etc.

I played professional baseball for 4 years and don't have any experience in the real estate world.