They take their portion of the housing voucher like clockwork and my funds are tied up in their system.

if you guys see any price dipping in Miami, just buy 2 to 3 duplex for househacking and hold it for ten years....this market is even stronger than bay area post covid.

Syndication is def more passive, but usually a 4-7yr deal tying your money up. 

Better materials such as stronger  lumber were used when the earlier vintage properties were built and many  contained design characteristics such as stone or brick work and intricate millwork that are too costly to replicate today meaning many buildings are significantly below todays replacement cost. 

Maverick simply gets a referral commission and has no long-term ties with you or the local provider. 

I fund a lot of folks that do this. its just wholesaling dirt .. nothing sinister .. some try to actually buy it others try to tie it up and assign contracts.

Along the same lines, the buyer who can barely qualify for the entry level SFH is acutely aware of their cash shortage and therefore are going to be less accepting of household features near the end of their useful life, even if still functional and have a stronger desire for anything that is listed as a deficiency on the inspection report to be corrected. 

OP it’s a good idea as long as you tie the investment to the military or civil service market.  

Penny Penny, PLEASE take a moment to go to the Syndication FORUM here on Bigger Pockets and read the innumerable stories of investors who have had their distributions stop shortly after investing, lost principal, or now have their capital tied up for TWICE as long coupled with no distributions. 

And you'll likely want to consider more fringe & cheaper areas for lower prices & better cash flow.I bought a 3-unit building in November last year when rates were 8% using a renovation loan (5% down), made cosmetic renovations to the units, and then we got way stronger rents than expected.