-The mention of syndication being less risky than HML...I'd suggest it is more risk, possibly much much more since you don't know whether you are good or bad at vetting the operator right now.

I'm interested in running the business without being involved in the daily operations of the facility after the first year.

I’m trying to familiarize myself with the area more thoroughly.it seems to have a stable increase in prices.Since I plan to live in the property initially, breaking even in the first year is my main goal. (5% down; PMI removed with renovation)However, I’m also wondering if it’s feasible to have some cash flow from such rentals, or if the risk of vacancy is high in this market.Any guidance or pointers from those experienced in this area would be greatly appreciated!

All of our cash has been going into a larger development so we haven't built on our remaining 8 lots yet, but if you are interested in getting involved I can send you more information or set up a call with our partners.  

If you don't have $10k cash on the sidelines you're taking on risk.

Conservative and low risk. 

How much risk do you carry vs them? 

I was involved in a bunch of industries—from wellness and gyms to digital marketing and consumer products.

That’s okay, just accept the risk of a “surprise”. 

This deal stood out due to its strong resale potential and minimal risk.