@Michael ClardyThere are two experts to talk to, a CPA that knows real estate and a Qualified Intermediary (QI).

In addition, you would need enough working capital to pay for insurance (which will be going up a LOT in Los Angeles) and to pay for property taxes.Don't buy this unless you have substantial resources and a cash cushion to keep yourself safe.

Do you have an idea of the type of property you want to buy and a price range?

You can find a lot of meetings on the MAREI calendar, both MAREI's meetings, local landlord group meetings and a few other meetings hosted by our members. 

Syndications in general are a form of speculation  hoping luck is on your side with a specific market, a specific project and a specific syndicator.

Despite the guru fed “misinformation” about all these under market price deals, they are actually very rare and require (1) the investor recognizing value that the seller and the rest of the market misses or (2) a seller with a need for an immediate sale and a buyer with the CASH immediately available to conclude a very quick closing usually forgoing inspections, financing, and other contingencies. 

Her credit isn't the greatest, but she's super sweet and a hard worker, so you are certain it will work out.

Will rent for 1750/month.Capex items needed soon: roof, water heater, furnaceArea: A area, appreciation is at about 5% a year but average home price is ~$500K so this home will appreciate faster, this will have multiple offers on itDeal #2 - mixed use, small office with a 3 bedroom and a 1 bedroom over it.Ask: 325KCurrently fully rented on one year leases, bringing in 4775/month but only one tenant pays their own utilities plus owner is responsible for snow removal and landscaping. 

Our home LLC in ND but it only costs about $100 and a foreign LLC is all our CPA recommended we do.  

How could you not like the Cavs right now, they're the best team in basketball and a lot fun to watch.