The sponsor is likely suggesting that your monthly cash-flow will be shielded by depreciation and you will likely see your 'tax hit' when the syndication disolves which in industry standards is likely 5 to 7 years.

Sometimes you can bring to life an old cabinet simply by painting it, putting new hardware on, and maybe updating a light fixture in the room that shines brighter, and not yellow. 

@Robert Zajac pretty sure BRB charges less than an 8% management fee, so just as @Nathan Gesner states, they are making up for being below the "industry standards" by charging more elsewhere.BE CAREFUL about PMCs that claim they don't charge a markup on maintenance - TIME IS ALWAYS MONEY!

I incorporated smart home technology, such as automated lighting, heating, and security systems, which is highly desirable in today’s market.

You have to weigh the benefit of the insurance claim payment versus potentially having your carrier cancel you and perhaps get black-balled by the insurance industry.

He's a leader in the property management industry.

There can also be a lot of bad advice, so be sure you know your local laws before blindly accepting this type of advice.After 30 years of being in this industry, a lot has happened. 

I am going to come at this in a different light.

And, not confident of the earnings/industry in the area to feel good about LTR. 

I believe that mentorship and collaboration are key to success in this industry, and I'm here to learn from all of you and contribute where I can.If you're in the Charlotte area or have insights to share, I’d love to hear from you!