I would read the PPM carefully, and understand how the Syndicator is getting compensated. 

  ( 250 investors 50 mil) all loans were fractionalized ( this was Oakland CA and Bay Area loans) I could legally do those as a CA RE Broker. 

Coming from a health care background and Not having any previous experience in Real Estate or sales, I am having trouble getting the Bio started.  

I always viewed it as "who cares how much money I put down", I plan to pay them all of before I retire as part of my ultimate strategy anyways. 

As everyone said, 20% is fair for a manager to take care of a STR.

Got a call from the tenants mother on Tuesday morning - she said her son (my tenant) was shot nine times this past Saturday & is in intensive care, surgeries, etc. 

Research market rents, carefully calculate expenses, and ensure you have a solid lease agreement.

However, with your high W2 income and your partner’s weaker credit and cash flow, you might need to structure the agreement carefully.

As for the zip code you mentioned, some of the areas in there are nice due to steady rental demand, you just want to be very careful on the neighborhoods you select as some areas will be better than others.

Don't care for the Pistons or Cavaliers.