What’s your main goal—cash flow, appreciation, or both?

If I was looking in PG County, I think Hyattsville and College Park would be my main targets.

On the other hand, I feel one of the main advantages of passive investments (via syndication/crowdfunding) is that I can hire a manager who has years more experience than I can ever hope to obtain myself.

Main thing I would think of if you are targeting families are things like pack and plays, cribs, gamerooms for kids, etc. as well.

I mainly wanted to know if other investors in syndications were experiencing the same thing.  

Although as @Drew Sygit asks, what have those PMs that pledged to do it better now learned that may bring them back into line with main stream service providers? 

Personally, I've had success in Linden, Southern Orchards, South of Main, Driving Park, and Franklinton to name a few neighborhoods in Columbus. 

Miami/ Coral Gables, even worse. 1500 1700 brick houses without a garage on main roads (Byrd ave for example) 1.5 MILL is just nuts.

Quote from @Jessie Matlock:One of my main questions is, I've been told I'll receive a K1 statement and that my monthly returns will be tax free. 1) Is it true they will be tax free? 

I think it comes down to two main questions:1.