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.

The red flag for me was common sense.

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. 

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.  

Funny how things seem like common sense, only after they happened, isnt it?

To gain investor confidence, ensure the investment property numbers are real, use the most common contract forms in your state (versus a 2 or 3-page) internet/guru contract form) with appropriate addenda, or an attorney-drafted form and attorney-drafted assignment agreement.

It is a path not without risk, but it is a common path in this market.Wishing everyone a successful 2025.