Then focus on improving your interviewing skills to help you build a solid team on the ground wherever you do choose to invest.

I was actually just interviewed by Fox because of Craigslist scams.

I recognize it is a tough RE market with many challenges.  

He felt spending more time disputing the rejection was not cost effective and i see his point but suspect airbnb recognizes this and uses it to their advantage.  

Fortunately, even though I'm a newbie still in setup mode (working through renovations on a value added property) I'm already starting to recognize the right answers before reading the responses, thanks in big part to many of you.

I recently listened to Dave M. interview C.

If the improvements were recognized as taxable property before, you might be able to keep the property taxes and depreciation setup.

If syndicator is building reserves for the first year of ownership, for instance, and not paying distributions, AND recognizes rental profit, you will have a larger tax bill that year, since you "made money" in the IRS's eyes, even though you did not receive any cashflow from your syndicator.On a more general note, a preferred return does not mean you will get that amount of cash flow each year.  

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

Right now I'm interviewing for an inspector.