The more affordable price points, combined with a steady rental market, provide some peace of mind.

These syndication can provide an 8%+ cash-on-cash return - providing investors monthly cash flow - and a 15-20% IRR over the length of the project.

I have provided them a letter from my broker about the amount that can be used.

However, I have heard and read of many horror stories of landlords working with incompetent property managers who provide no real value.In attempt to avoid this issue, I am doing my due diligence and asking investors for referrals of trustworthy property manager.

I used a property manager (before I was one) for (1) time & headache savings and (2) the value the property managers provide by economies of scale (marketing, discounts with vendors, etc.).

If you hire someone typically they are the ones providing this information, but if someone is paying you, then yes they need this information for tax purposes.BTW - I would say your SS# has been hacked so many times and is on the black market already this is why we monitor ours through other parties or just lock it down at experian and other agencies if you are concerned about it.

We do not verify identities, that would be a bigger lift than we are capable of currently, however it is against the rules to use a false identity per section 2.A of our website rules here https://www.biggerpockets.com/rulesSo anyone discovered using a false identity will be removed if they are reported to spam.

If you control how they perform tasks, set their hours, or provide tools, they should likely be a W-2 employee, requiring you to withhold taxes and comply with payroll regulations.

I would particularly love to help someone within the Atlanta area with a fixer-upper by providing some physical labor.

After years of self-managing our single-family rentals, we decided to hire a property manager to provide full service management.