There may be potential payroll tax savings with this approach.

I'm just not seeing it being worth it from a tax or personal liability side to deal with the hassle (quarterly reporting, etc) and have to pay the LLC manager, the payroll taxes and accounting fees, etc. - are there any big personal liability or tax implications that I seem to be missing?

Account Closed you sure can invest in a syndication as a sophisticated investor.

I can also cut back if I have more time to put in, or if I want to build up cash reserves.My maintenance staff also works as independent contractors, meaning no payroll taxes.

If you are marketing to home buyers you can sell the sizzle rather than the steak, but cash buyers are generally sophisticated investors who will run the numbers.

If you want to be very sophisticated, then you could add to the CF your realized tax savings.

When I close 100K gross in wholesales, its ends up being dispersed as follows: 25% after tax profit, 17% for taxes, 15% to my Acq Mgr, 43% for marketing/payroll/operating expense.

As to the big boys, they usually will have sophisticated accounting systems and operate in the best practice mode, so I'd say if they can, they all ready do.

As for your analogy of 200 unit complex, most of these are maintained by large national property management companies that charge 4% of gross rent + payroll expenses.

I have reached out through my network and am confident that I have found enough investors, both accredited and “sophisticated” to fund the venture.