I used a new agent to help me, he did all the steps to get the information proven, but because I got screwed before, I hired a PI to do a check.

That’s a solid wealth-building strategy with a proven track record!

You raise an excellent point, and it's something a lot of people are starting to recognize as more short-term rentals flood the market.

I am sure BiggerPockets recognized this with the rollout of PassivePockets which should help educate potential LP’s before investing.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

., proven syndicators w/ track record) raise money for their deals is the next best move.

It’s normally the investors sitting behind a computer who fail to recognize this.

They follow a straightforward process that has proven successful throughout history: increase earnings, reduce expenses, save as much as you can, invest as much as you can, and wait patiently. 

They are always hit or miss but the best way is a referral because they have already proven themselves to someone you know.6.

This would make decision making hard, on top of likely needing owners to sign mortgage guarantees, etc.Not enough involvement/too many owners, that you no longer satisfy SECs rules for involvement and it is really a security that needs registered or exempted.Some middle ground, like DSTs or these other fractional ownership, where the admin work is so intensive that fees need to be higher to make it worthwhile for the operator.Then again, I am drawn to real estate, so by nature drawn to traditional, proven structures.