Quote from @Henry Clark: Quote from @Greg Scott: I have invested in over 50 syndications, of which about 45 are still active.  

During the summer months there are a few events, functions and festival type activities going on so you get a few bookings around that.

You will need to find partners, you will need to travel to where you wish to invest, you will need to understand the ins and outs of the business by being actively involved and treating it like a business and not some super passive investment.If you don't want to do that work I suggest you just put that 200k into some sort of diversified mutual fund that can make you 10+% on your money without any of the work of real estate.At the end of the day this is just my advice and I'm only a stranger on the internet.

From what I heard from the investors I have here who are also active in OC, companies like OC Pro Property Management or TrueDoor Property Management have solid reputations.

That's why there's been little activity. if you don't have to sell, you hold on.This extend and pretend will end sooner or later, and when it does, investors will be forced to sell.

It seems like most people are suggesting the brand based account is the way to go, pending the legal clarification of whether it is actually possible to keep a listing active through a sale via a property management account. 

While it is true that the time of year can influence market activity, as others have mentioned, there is usually a trade-off depending on the season.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

@Sam Dal Passive activity gains, such as those from a sold multi-family investment, can only be offset by passive losses, including accumulated ones from prior years.

I also want to be active in other rust-belt cities that are similar to Milwaukee and I want to be part of their eventual comeback: Cleveland, Detroit, Pittsburgh, St.