Our first deals were done in our investors name or their entity, and its a royal pain when you work them out to get them to sign documents and such, and we found by having the retirement account as a member of the Series LLC allows us to do all the workouts, and not delay foreclosures and other actions that require their signature.We also have found to stay away from 1st liens unless the home value is $50,000 or higher, unless you get them for 5-10 cents on the dollar because if you have to foreclose, and rehab, you make little to no money.

I am a native Hopkins Royal haha.

I also had a lot of people from Royal Oak area saying they couldn't afford it anymore, so they wanted to move 10 min over to Center Line because they knew it was also a quiet, drama free area.

Hi Jacques, I'm the reigning crown princess of the Wayne County tax auction- I own the most property in Jefferson Chalmers behind LandBank and one of my $2k properties is closing next week for $115k.

You will kiss many frogs before getting to the princess. 

@Renee BaconWith my recollection some of these investors have real estate licenses and some dont.Example: They rent property in Ann Arbor or Royal Oak on yearly lease; then do STR for daily or weekly for VRBO's etc. 

@Rhys Royales, in my state (PA) that would be called a "mechanics lien".

I had a room painted royal blue.

Royal Legal Solutions has a model with one "holding LLC" they call "the operations company" that does all the operations and the properties are in "children LLC's".

The following article isn't (as of when it was published in 2015) about a syndication, but it does show just how desperate and just how vulnerable some of these residents are: https://www.azcentral.com/story/news/local/mesa/2015/06/15/mesa-royale-mobile-home-park-decision-human-cost/71235678/So let's say I was part of a syndicate that bought Mesa Royale (from the article) and fixed it up to match code.