You may not need "2 years of work history" either depending on the detailsGenerally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

It is clear from the interview that their main skill set is raising money and they partner with other "Co-GPs" who focus on the operations. 

On the other hand, I feel one of the main advantages of passive investments (via syndication/crowdfunding) is that I can hire a manager who has years more experience than I can ever hope to obtain myself.

This property is in the mountains and has electric heat, so the main bill comes in the winter when the heat is running.  

Although as @Drew Sygit asks, what have those PMs that pledged to do it better now learned that may bring them back into line with main stream service providers? 

I mainly wanted to know if other investors in syndications were experiencing the same thing.  

The main issue is a consistent lack of effective management and oversight.

I'm considering investing in STR in Hawaii to diversify my investment portfolio (mainly for capital appreciation) as well as it being a regular vacation place for my family.

Mainly because if I used that metric alone I would not have done my last 10 successful flips. 

My main focus is understanding motels and their operational dynamics.If you’ve invested in or operated a property like this, I’d love to hear from you.