On the other hand, I feel one of the main advantages of passive investments (via syndication/crowdfunding) is that I can hire a manager who has years more experience than I can ever hope to obtain myself.

Main thing I would think of if you are targeting families are things like pack and plays, cribs, gamerooms for kids, etc. as well.

I mainly wanted to know if other investors in syndications were experiencing the same thing.  

Yes, mainly looking in the $30k-$100k range (I know anything under $65k is a bigger project).

Although as @Drew Sygit asks, what have those PMs that pledged to do it better now learned that may bring them back into line with main stream service providers? 

I currently own and self-manage two STRs in Maine and should be closing on a small 'cabin campground' with 10 cabins nearby that will also be operated as STRs. 

Quote from @Jessie Matlock:One of my main questions is, I've been told I'll receive a K1 statement and that my monthly returns will be tax free. 1) Is it true they will be tax free? 

As for short-term financing, they are fairly easy to work with but the biggest hurdle is their internal credit model.

What’s your main goal—cash flow, appreciation, or both?

I think it comes down to two main questions:1.