I really like syndications especially for out of state investors, just the logistics, hassles and risks are minimized investing w/experts that may be in better markets than you (pop/job growth; diversified industries), cash flow, relative value, etc.

A higher revenue method, but a logistical nightmare, with very very seasonal leasing periods. 

You come with the logistical headache of not being able to see properties when they can personally show local buyers/coordinate coffees/etc.

Let me know if you need any info on Montgomery, Alabama.Major economic drivers to the area include Hyundai manufacturing, Maxwell & Gunter Air Force Base, major Amazon distribution, Alabama State Capitol, Alfa Insurance, Kinpak, H2 Pharma, Dollar General transport/logistics, Dow Chemical, and Conner Industries to name a few.

This had its logistics challenges especially when you start adding the number of units.  

Figured with me being on the other side of the country, logistically that would be tough.

I wouldnt worry so much about logistics (use of Tenant Cloud), I'm just wondering if what you described, there is something hidden.

I work with rental properties and you can certainly buy them with an SDIRA, you just have to do a couple logistical things but no biggy.

Having a separate LLC for each property, while possible, would be a logistical nightmare.

Carnegie made it because he was a logistics expert, a railroad expert trained in the field by the Civil War, and that's what was needed to recognize it's potential for building railroad bridges and reinforcing concrete, and to bring cheap steel to market successfully.