The most common options used by investors seem to be an LLC or Umbrella Insurance. 

If a solid rental opportunity arises, buy it. 

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.  

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.

Make sure everyone knows a cleaning schedule, expectation for common areas, how are you splitting utilities, guest policy, etc. 

One challenge that may arise during the sale process involves third-party property management.

I'm not sure if this is a local thing or if it's common in all markets.

Multifamily is the most common one, but some groups also do self-storage facilities, student housing, commercial properties, and others.3.