If you get to know some of the syndicators on BP or elsewhere they might be able to steer you in the right direction for funds that are open to non accredited investors.

I wouldn't want to steer her away from the best solution, but $60k is a lot of money!...

What seems to be a common theme with realtors who don't offer Buyer Rebates is that consumers should feel obligated to use them regardless, without expecting them rebate, because of their internal costs and/or the commission split they're under with their Real Estate Brokerage.As a Florida Mortgage Broker, like most, for years we've suffered under relentless efforts by realtors who have coerced and steered our Pre-Approved borrowers to their "preferred" lenders. 

That being said, I don't want to steer someone away from contributing to price appreciation and driving prices up on Maui!

Syndication Pro: Ability to scale and diversify, economies of scale, aligning yourself with professionals to remove the learning curve and reduce risk, almost totally passive (you still have to do your own DD on the sponsor and need to be able to identify what a good deal is and isn't), limited liability (no debt to guarantee, etc), max leverage LTV is usually around 85% via FHA/HUD, more tax advantages via cost segregation (cash-flow is typically tax sheltered for first 7 years).Syndication Con: No control over operations, upside is shared with sponsor, fees, no control over sale, sponsor and LP's interest may not always be aligned.SFR/Small Multis/BRRRR Pro: Total control of business and operations, upside is all yours (higher potential return), control of sale/exit, no fess besides third parties, max leverage via FHA is 90-96%,SFR/Small Multis/BRRRR Con: Not passive and will require significant time commitment, difficult to scale and diversify, occupancy risk is more significant, major repairs have a more significant impact on returns, mercy of the SFH market, harder to force appreciation via increased NOI.My bottom line and why I chose to do what I did and why I steer individuals and family offices towards syndication: Syndication may not have as high of a potential return vs doing it on your own but it is by far the greatest risk adjusted return.

(For example, i would personally steer clear of 4Plexes in / around Steward in Downtown)  I agree with Terry`s suggestion otherwise, Between 95 and 15 /515 up to the new "North Las Vegas", and south to Downtown / Springvalley and maybe Paradise are area`s where i would look.

@Sara Ratliff I see - well it sounds like everyone is steering you in the right direction.Having a tenant screening PROCESS cannot be overstated.

Steer clear of Michael Bowen of now Water Stone Mortgage.

Is it worth pursuing or should we steer clear?

Many owners do not run their apartments like a {formal} business and, sadly, what you have encountered is very common.Your broker is steering you in the right direction.