And a tenant was placed fairly quickly.

It's fairly cheap to do this, and where I live a one page form you fill out with your County Clerk's office.  

There is also no target right in terms of an asset, and you need that.That's a fair point, I don't want to get in over my head but I would like to get some passive income rolling...I just need to know if there's any actual feasible way to get me started in this business at my income level.

are you in a fairly strong financial position?

It is fairly easy to do online.  

There are beginning to be a fair amount of properties that have been on the market for quite a while.  

He proposed 2% which would be $8,000, does this seem fair or standard?

Stay involved in the renovation process with regular site visits and open communication with contractors to keep close tabs on the project.

It’s just like when they give you a tax beset to buy an EV and then the state charges you higher registration because you aren’t paying your fair share. 

I have also never seen an RE syndication offering without an appreciation play.while mostly my purchases (all but 1) have had some cash flow, my last one was negative cash flow using 50% rule (which was fairly accurate to my detailed underwriting) and goes positive this year but in 2.5 years I have value ~$500k above costs.