It's a great area, my grandfather sill owns the house a quarter mile from Siesta Key Beach that he built in 1960 and my Dad grew up in.

If you are doing that many each year as I do, it pays to have this done, my book keeper comes in once a week and my accountant once a quarter.

It's next to a tourist attraction and we are thinking about building some small cabins to rent out during the vacation season which would be about three quarters out of the year.

If I have one where they have dogs and can only show between 6-7:30 on the fourth Tuesday of the month and they want me at all showings.

Do you have regularly scheduled meetings (Yearly/Quarterly/Monthly)?

If they are late, do you start the eviction process immediately or do you wait and see if tenant can get balance paid by the second, third, fourth month?

There are hundreds of regular users on this board who think sending pay-or-quit notices on the fourth of the month if the rent hasn't been paid has no long-term consequences.

If you are unaware of what that is, it is essentially creating a plan where you invest a specific amount of money on a regular basis (month, quarter, whatever) in a stock, index fund, or combination of your choosing. 

One risk I want to point out with Syndicates / CF is the financial rigor and due diligence.Public companies are audited by the SEC and produce quarterly reports; With direct-RE, you have title and money in the bank to audit.With syndicates / CF, you trust the sponsor to do financial due diligence and to not cheat you.IMO - based on the above pros/cons, it feels the public markets (either stock or REIT) are strictly better than syndicates / CF.

After a few rounds of back and fourth negotiations we came to bit of a stall...