Correctly priced, desirable properties stay on the market for only 3-5 days before going under contract.

I would be coming in through an LLC, so feel comfortable with liability protection as it relates to other assets, but still, will be on title, so there is exposure.As a real estate guy I'm still in growth mode and am having a hard time swallowing the dst pill. 

It's all about what your comfortable with @Joe P.As @Todd Dexheimer mentions, get on a few more lists, research the sponsors you are interested in that meet your criteria. 

It seems as if you got the money off the deal, is whatever you saved should cover the expense.If you're in the business for the long term, and you do the right things, you will stay in business Gino

Personally, I need that level of control to feel comfortable investing relatively large  sums of money and is thus the reason why I’m not a fan of syndications.my 2 cents….Randy 

If they can’t provide evidence of this, or a Visa (student, etc) that authorizes the duration of their stay, then they’re here illegally.

If they want to stay, offer to keep them 5 - 10% below market rates as a reward for their good history (assuming it is good).

DevinYou have done the rental comps and checked how long a house stays on market in your area before it rents out right?

They stay longer than low income cash payers on average, but they beat the snot out of your house while they are there.

IE- if you stay more than 14 days or 10% of rented days, you won't be able to 100% deduct the loss, only partially.