Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Making the point that the average RE investor does not belong in a syndication and should invest directly in properties , C an attorney looking to promote his “ ambulance chasing”business . 

The beauty of real estate is that you can spend as much or as little time on it as you want, it really just depends on the strategy you want to utilize and how active you want to be. Long

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

So if at death it is worth $5m, and of that $5m based on the waterfall agreement you and your sister would get a combined $800k - that $800k does not get stepped up, just the $4.2m that belongs to your father does.If your father is subject to estate taxes, and there are substantial discounts taken on the valuation of partnership interests in his estate - that cuts back on the step up, but it saves steeper estate tax, so it is a worthy trade most of the time.

I just bought my dream home, have a beautiful wife, and go out drinking 5 out of 7 days.

and put it on the street where it belongs.""

Alert the guests when we know there is a possibility of a storm and recommend they bring enough food and drink to sustain them for a few days.  

A lot of people don't drink for a variety of reasons & may be rather put off by your assuming it's something they might like.

And I would require the contract to state the the furnishings would all belong to me if they ended up being short on rent and I had to go after them.To me, many of the people that do this tend to do it because they don't have the money to buy the units themselves.