Long story short.. they inflated rent projections, sliced corners on property management, and almost left him holding the bag when the actual numbers came in.Vetting a syndicate means getting cozy with the sponsor’s track record, verifying their underwriting approach, and understanding whether they’ve handled rough waters before.

If so, which section?  

Don't buy a 2br/1ba without a basement and no garage on a corner lot next to the scrap yard, just because it's cheap and the seller is motivated.

.- Most contractors will cut corners, or worse, once they figure out they won't be watched closely:( Your job will also go to the bottom of their priority list.Monitoring progress is relatively easy: hire that same inspector to go by weekly or before any payments to take a VIDEO of:1) What was done2) Quality of workmanshipOne other thing you didn't ask about, payments to contractors.- They all want 50% down or as much as they can squeeze out of you. 

On top of that, he was supposed to replace support beams under the enclosed back porch section and he spaced them wider than 36” apart.

This is one other reason we are more drawn to the NE corner of TN.

It came out to $823 in expenses and in the area Section 8 is paying $11400 to $1600 a unit.

Also consider other niche investment types, perhaps like section 8.

You’re just sitting in the corner asking to please be paid. 

This is also true for investments in class D section 8 rentals.