Turned a single family house that was poorly marketed but in a great area of my city, listed mid-winter where there's less competition, into a duplex for all intensive purposes and used airbnb to rent out rooms.

My next comments are ONLY for tax purposes and may not align with how the waterfall works in the offering.Your syndicator may treat all distributions paid to you, up to your full capital balance and any allocated debt, as a return of capital for tax purposes.  

This is probably a silly question but if anyone could explain to me what the purpose of scaling single family homes for 2-3 years before purchasing my first multi family that would be greatly appreciated. 

There were always prostitutes on the corner of my street when I lived in Hollywood, but ironically, no homeless people.

Ironically I grew up less than 10 minutes from this address (I currently live about 40 minutes away), so I still know the area well.

But, of course, the Bible does warn us about “wolves in sheep’s clothing.”It ended up costing us $35,000 (I found out later that some people in the Inner Circle class only paid $20k) to be in Lee’s Inner Circle, which I joined for the sole purpose of having funding.

In my opinion, the purpose of a syndication should be to aleviete your time / stress and to get you into investments that you wouldn't be able to do on your own.You should do the following when investing in a syndication - 1) Research the sponsor and their past performances. 

BUT, then you want those landlords to judge every single tenant individually and not lump them all together with the ones that lie, cheat, steal, and destroy the property on purpose?

Basically its a big credit card that I can now use for any business related purpose, in my case Ill use it to do more deals.So here is where the 8 unit comes into play.

I just don't understand their purpose and why they are repeatedly doing this to people.