But if you are a cost conscious landlord you would say, "But wait, the opener is only $200... you are telling me the labor to install a replacement garage door opener is $600!??!?"  

(I know what most people are thinking, not the most ideal degree to hold when getting into this business, but alas here we are haha) I am eagerly trying to break free from the whole "living paycheck to paycheck working for the man" type of lifestyle.

Assuming an average 8% CoC return and factoring in none of the backend, if I invested a total of $5MM into several syndications (assuming some of the windfall went to taxes), we would yield $400,000 annually.Depending on your current and future desired lifestyle you could continue to live modestly, and reinvest a large portion of the dividends earned. 

I feel that the coinvest should be meaningful enough to cause real pain for the GP in the event of a bad outcome, but not so much pain that a bad outcome or 100% loss ruins them or threatens to disrupt their lifestyle either. 

Therefore, if you are required to bring a lawsuit, have your attorney carefully review the contract so that you make sure you make a claim for all of your legal fees and court costs, if permitted. 5.Be Conscious of the Cost of Litigation Litigation is expensive.

There’s a whole lot more thinking necessary than just stumbling across a YouTube video and being enticed by a change in lifestyle dream.  

Other landlords, and this usually when they occupy the property too, want to make a decision based on lifestyle criteria as much as financial factors.

So it depends on what kind of lifestyle and vibes you want (or even what beach you want to see every day) .

Anyway, I found that most people don’t want to pay for advice unless it’s packaged with promises of wealth, lifestyle, and an ability to do “it” with little or no capital.  

Conscious / compassionate  was my mantra and I have been blessed with more than expected because of it.