It will help you analyze and compare returns, length of stay/occupation, equity accumulation, rent growth and more.

My biggest fear with the syndicate is the length of the and lack of control.

NOI, and by extension the cap rate allows people to compare 2 different assets.The amount of leverage an investor uses, and the rate at which he borrows, and the length of time they have to pay back that debt are completely independent factors from the asset.

Average length of stay is 6-10+ years, another reason vacancy isn’t the issue. 

I was interested in this topic as well, hopefully we can gain some insight to this.I'm wondering if you're able to achieve anything that would cash-flow as oppose to an appreciation/break even cottage play considering the short length of the rental season. 

Per the below links, these two decisions show what lengths people will go to distort the facts in their ongoing attempts to defame and hurt people/businesses economically like Real Estate Sales, LLC.This is the New Mexico Better Business Bureau Response:https://www.realestatesalesllc.com/wp-content/uploads/2018/06/Better-Business-Bureau-Response-Tyreke-Gardner-and-N’shaina-Boyd.pdf This is the Nevada Better Business Response:https://www.realestatesalesllc.com/wp-content/uploads/2018/06/Better-Business-Bureau-Response-Tyreke-Gardner-and-N’shaina-Boyd.docxNeil J.

The only issue really is that this is not considered an "arms length transaction" so if you were going to a bank they may more hoops to jump through or lend less than they would in an arms length transactions or even pass on it.

@Jerome MorelosIt will be similar to what you sign with a bank, there will be a note (which is the iou which states how much you can borrow and at what terms and length)Then there will be a deed in trust (assuming California) which is a recorded document that uses the property as security.

I am in MN land dev groups in FB and have spoken with Anoka County at length.

Everything Brian mentions is accurate, and I will follow up with for most investors it is trajectory of growth over length of growth.