Its not fractionalized, both investors are not getting a split of the monthly payment, instead you would get X number of payments in exchange for your $5000, say at an 8% yield, and the primary note holder would resume collecting payments after you are paid in full. 

@Travis Watts, Given the definition that "syndication" really just means a fraction ownership of an asset by not equals for a common goal there are definitely some different options than the typical "LP" syndication that is prevalent today. 

SmartBnb blows the competition out of the water and at a fraction of the cost of most of the other options. 

If you want to stay closer to home, yet at a fraction of the cost - Temecula.

Assign it to a contractor who can do the work for a fraction of what you can.

It is considered a condo hotel since there is a front desk and other properties there that are fractional.

Klavish,Another option for your friend is invest in a partnership/fractional ownership of a property. 

If you read the notice, most times it will have contact info on it, problem is, most times your going to find the financial institution very unreasonable to work with.They usually want full price on a property that isnt worth anywhere near it, most times it will drag on this way for several years before being auctioned off for a fraction of the price.

@Tony Rosa Most "Guru" courses are a waste of time and money, while you might learn a few things they are always a stepping stone to the next more expensive course they want to sell you.The BP forums is a great place to start, ask some questions to the answers you can't find, also if you want to purchase something to learn in more detail for a fraction of the price you can buy @Brandon Turner 's book:http://get.biggerpockets.com/nomoneydown/I learned quite a bit about other areas of investing with this book and I would like to say I know more then the average investor myself.If you want to learn about flipping you can check out:http://get.biggerpockets.com/flippingbook/ But overall the great thing about the site is that you can learn most of what is in the books for free right here on the forums, as others have said the podcasts are well worth your time too start at episode #1 and work your way to 101 and you will learn a ton of different ways to invest.Welcome to BP!

Frankly, i see the same level of tenant in/around baltimore for a fraction of the price dc offers.