It was a great niche for many years, but that market has mostly disappeared with legalization of pot in CA, which has pot prices crash.I have also used seller financing in purchasing REO and other real estate purchases and these have worked out really well for all parties.

In addition, the book keeping and legal involved with a syndication process is greater than if partners are not involved.  

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

If real estate is involved, separating it into its own LLC before the sale can simplify the process and make it easier to leverage a 1031 exchange.This post does not create a CPA-Client relationship.

Make sure to verify any information from a party that doesn't have any advantage of you getting their services before making a decision.  

That is the true value of participating in things like this that are a bit more involved. 

This lets both parties separate rather than dragging out the relationship.

Detroit would be a solid option if you're strategy involves a little more risk for potentially higher cash flow. 

What I disagree with is VRBO's blanketed take on pricing when it comes from a 3rd Party, which is something that was mentioned on the phone today. 

Your mortgage has nothing to do with your taxes.Here is a very rough starting point, however the actual calculation will involve more details:1.