Yes, I’ve got a mortgage on it now, but my cash flow went from only $1000/month to $2400/month and I picked up 3 more properties basically for free with no out of pocket cash to buy them. 

I love the concept. 

Problem: Not having a mentor - piggybacking on the concept of an accountability partner, most people underestimate the value of a mentor.

Basically, everyone is right in saying that it is only worth what the appraiser says it's worth.

And I think today they are back to basically working large transaction between hedgefunds and Large owners..

Lastly, if you still decide syndications are appealing, get educated on how to vet the lead sponsor (including deep background checks), the market, and the deal itself (even though some concepts are similar, it is not the same as the single family long term rental analysis).

 - prop 13 basically fixes the property tax.  

Basically, what I said was it would be good to get the best of both worlds.

@Richa Wardhan every investor has to find their own answer to your basic question - focus on portfolio growth or paying off what you have.Portfolio Growth leverages your money using loans and tenants paying off these loans.

But the chance of a wipe out like those that are coming in as equity basically in a junior position is mitigated..