Quick list, pros- low vacancy rates, high rents, moderate/high home appreciation, high rents increases, demand is always there as people move/commute from NYC; cons- very competitive, pro tenant laws, high property taxes, some towns have rent control, high barrier to entry with expensive multifamily prices. 

Keep in mind, you have no control over the properties care, maintenance or condition while you allow the litigation to play itself out which again can take years to resolve depending on whether appeals are filed (as is normally the case).

@Keith Mintz, Another thing to consider about Furnished Finder is that insurance agencies use the site to find clients' housing during home repairs or other circumstances outside their control.

Supra fee - mandatory if I want to control my own showings and fairly nominal4.

We live in Los Angeles county but buying anything here is crazy expensive and rent control limits any ability to profit anything. 

"evaluating if syndications are right for you" implies more internal questions: am I willing to give up complete control?  

With a DST you also lose control with voting rights and controlling the exit timing to a degree.There is pluses and minuses and not one solution fits all.

Nope, most of those multi-family listings are in the hands of big-shot brokers who pretty much control the market.Finding those deals means picking the right place to dive into.

Out-of-state Section 8 might bring in more money quickly and could be less competitive, but it also comes with risks like not knowing the market well and less control over your property.

Fannie explicitly allows transfers to LLCs when the loan originated after June 2016 and when the LLC is controlled by the original borrower (source: Fannie Mae Servicing Guide - D1-4.1-02, Allowable Exemptions Due to the Type of Transfer).