Finally, your hunch is correct: when the syndication cycle closes, your past "free lunches" will have to be paid for, aka recapture.Here're some relevant posts from your favorite site:https://www.biggerpockets.com/forums/51/topics/839015-are-sy...https://www.biggerpockets.com/forums/51-tax-legal-issues-con...https://www.biggerpockets.com/blog/real-estate-professional-...  

Hi - I wrote/published an article on this exact topic right here on BiggerPockets Last year, sharing link, hope it helps!

Here's an article he wrote and some more info. https://anthonywong.fathomrealty.com/Oregon-coast-vacation-r... 

There is a reason you see all these syndicators with their own podcasts, blogs, hosting and attending meetings.  

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

LLC's are welcomed, no DTIs, and less paperwork...happy to connect.Also check out this BP article that explains how DSCRs play into BRRRRs: https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

They are posting updates to their blog here: https://learn.upright.us/real-estate-investing-blog/an-updat...Best,Dennis

I could explain why, but I feel that @Dave Meyer and Dan Nelson do a great job on the podcast. https://www.biggerpockets.com/blog/real-estate-1043

https://www.cbs8.com/article/news/local/working-for-you/new-...Good luck

Maybe read his blogs about it.