You bring up syndications at an interesting time, given the many established ones that are running into issues at the moment.  

My goal this year is to establish myself as a multifamily property investor with a 2-4 unit property. 

Should I establish an LLC immediately for the rental property or should I wait?

Another criterion that I did not put in my original response was that we had to establish boots-on-the-ground partners in the market.

With an established presence in the Fairfield County market, and a reliable team of a proven general contractor, property manager, and leasing team, this property seamlessly integrated into RCA’s portfolio.

Establishing a robust financial base is vital, as it echoes your investment aspirations and capacity for risk.

@Dave Foster will be able to help with this...the first question I have is have you actually established what the capital gains amount may be? 

Stay cautious and establish a good rapport with tenants to mitigate potential risks.

Pick one that does not mess with your established rent.

Establish some "safeguards" to keep them honest and consistently check their work.