I have not reviewed BAM's fees but it's likely based on their representation of UNDER 10% "skin in the game" that most of their "investment" is taken from fees deducted from the money gamblers place with them and counted as equity in the deal; this is a common practice in the syndication industry. 

Suman, like the all too common vast majority, is using incomplete math, and as is said "garbage in - garbage out". 

I know that it's common with Turnkey companies to overvalue their properties. 

One of the most common complaints I see on reviews is how the area, location, or house did not look like they thought it would or was promised.

This is fairly common when people want anonymity.

That's a common phrase.Real estate investors can get more bang for their buck from their PMs when these folks "think like an investor."

The most common options used by investors seem to be an LLC or Umbrella Insurance. 

The red flag for me was common sense.

Only thing better would be initial deposit and then paid in full upon Certificate of Occupancy and punchlist complete.Of course, standard items should also be checked: licensed, insured, willing and able to pull all required permits, reference checks.I would also commonly avoid the cheapest bid you get.  

@Rud Sev, I would ask the syndicators you are considering if they have any sample K-1s they have issued in the past to try to get a general idea of how they treat their common taxable items.There are a few things that are likely needed to be outlined:Your capital account balance for the investment, i.e. how much money the syndicator is saying you have outstanding at any time and used to calculate preferred returns, can vary from your taxable capital balance shown on K-1.