Why would there be bargains, if everything sells for full price in a very short time.Now if your financier insists on buying property, fully aware we are late in the cycle, and wants to gamble on appreciation in a highly cyclical sector then fine.A multifamily with no mortgage imho would be a much better proposition for you both as it will throw off cash and survive a change in conditions easily (without a mortgage)It wont be a bargain, but relatively safe

With the competitive market for rentals, I'd think you're safe to make the gamble with bumping up rates. 

Looking for some input...I purchased a home on a 9000 square foot lot in unincorporated Miami-Dade for 725k. Property has 50ft of canal frontage. I proceeded to tear the house down and 'got stuck'... never building a ...

That cashflows is a safer bet than you're gamble that the market will go up and you can maybe make money IF you sold it at the right time. 

Then get a few signatures on an application, secure a deposit and then vanish.Only after the money is gone do the potential buyer find out the person wasn't the real agent and the listing was fraudulent.

Investments are ALWAYS a gamble - any investment that claims to be "Zero risk" is always 100% scam!

It doesn't mean it can't be better, but it is gambling. 

That said I am a cashflow investors and not looking to gamble for appreciation.

In addition, you should carefully consider the terms of any subscription agreement or other agreements you have to enter into for the investment.I can only speak for myself, but I think many of the other posters in this thread are trying to say the same thing- syndications in and of themselves are not a bad thing, nor are all syndicators bad or fraudulent. but you need to examine the track record and credentials of the sponsor team along with the terms of the deal

(Cashflow from other investments make this possible) They invest following the macro and micro trends and don’t gamble on gimmicks such as guessing where Amazon’s next HQ is going or where the hurricanes just crushed a market.