Additionally, if he’s legally and financially tied to the property, it might limit his flexibility if he wants to make major life changes, like moving or starting his own investment ventures.Ultimately, the decision depends on how involved you want him to be in the financial side of the property and how much risk he’s willing to take. 

These are auctions that often literally take place on courthouse steps due to a lender foreclosing on a property due to nonpayment.

You really don't need that and they'll take all your equity and give you often a poorly rehabbed property in the bad part of town where tenants tend to be tough. 

If you choose to go the Syndication route, it's important to get comfortable with the GP and also underwrite the real estate as if you would personally purchase the property (even if you don't have the financial means to take down the property on your own).

I’ve been researching real estate investing for a while and am ready to take the first step.

If you take a newborn who has been feeding on formula and give them puree veggies they will think this is the best thing in the universe but that's because they don't know any better.

This motel has been great for the last 4 years, constantly filled, my manager lives on site and gets free rent for taking care of the property, filling units and collecting rents. 

Want to take another try instead of attacking me for my view on the subject?

Cold calling is a long play too, it takes nurturing and having systems to convert. 

I'm also I'm concerned that with sleeping sofas, users would have to put on (and take off) the bedding every day.