Always good to look at the setup and look at the meters while you're visiting the property.

You have to start there because the only thing you can use is what's known.

Quote from @Jaycee Greene: @Basit Siddiqi How about I suggest 5a: Do what 5) says but add to it, "hire a Fractional CFO to handle most of this"?

With syndications many operators are using finance magic to juice returns, but that can result in full wipeout on the investors.

Nope- don't do this.

This will clarify and reinforce what you are reading.

Quote from @Adrian Clapp: Montana’s proposed law would lower property taxes for primary residencesand long-term rental properties while increasing taxes on second homes and other high-value properties.Pigeon Forge area made all STR's commercial properties and substantialy increased the property tax on these properties.Unfortunatly this is the cost of doing business. 

I would be very careful with this arrangement for your clients.

Purchase price: $225,000 Cash invested: $50,000 Sale price: $335,000 This was my first house and I didn't know anything besides what my realtor was saying.

Is this normal cost or high?