Here is my current set up:1) ShowMojo for managing the self showing listings (It has some self showing anti-fraud services, syncs with smart lockbox to issues codes, etc etc)2) CodeBox Jr smart lockbox where I have the keys3) ReoLink Go Plus Cellular Camera with a $5 per month T mobile data only sim card.

100% agree.. especially with syndication once your money is in their account you have zero control.. your not on the checking account your relying on either sponsor prepped financial although some are audited which is better of course..

I would double check and make sure they are a legitimate license lender. 

Will check it out.

Check local short-term rental regulations.3. 

To be safe, consider starting with standard percentages or slightly reduced figures until you have reliable data on the property’s performance.

Check for cap ex coming, mechanicals, and smart repairs to do now that will save you later.

I dont know the area, or the county for that matter, whatsoever.I did some preliminary due diligence on Clinton, including 5-year population trends, demographics, rental rates published, and some other region-specific data. 

Another option would be to keep the purchase price at $140K and bring a check to closing for your broker.

Or they have jobs that won't allow them to commit the time.Therefore, partners who write checks into real estate deals cannot use the wonderful passive losses created to offset their ordinary income from their job or business.But what if I told you there might be a way to use leverage and depreciation even if you aren't a pro?