Clearly you have had a very bad experience with them and possibly other syndications, which is unfortunate. 

I agree with the mortgage payment metaphor, although it's not exactly the same circumstances, so that's why I'm not 100% settled on course of action.2.

We just had an conference call on this and a wrote a forum post yesterday about this exact circumstance and loan product..check in with @Joseph Chiofalo

It's critical to understand the special legal issues that could come up in these circumstances, which is another key consideration for due diligence.

Did you ask your attorney if you were sued in what circumstances would an umbrella policy not cover you?

unfortunately there are many ex-2 prong outlets that are swapped with regular 3 prong outlet without GFI.  

Unfortunately, that is too granular for OOS investors.So, we recommend investing via City of Detroit Neighborhoods.

Unfortunately due to personal reasons, I was not able to attend the event.

Partially by circumstance, albeit those that I created, I will confidently say that I am the amongst the very few local Real Estate Professionals that are as intimately familiar with the rules, regulations and requirements to reliably invest in a permittable vacation rental property ANYWHERE on the Oregon AND California Coast's. 

Unfortunately most newbies will still be attracted to low priced neighborhoods like you said.