She was also the “boots on the ground” person which allowed me to work remotely and be with my baby.

They are even featured in articles, have been profiled and interviewed in the local media outlets, look really good online etc. and have a reputation around town as being highly successful because they have been busy buying a lot of units and making themselves look successful even while doing what I would consider very bad deals.It's smoke and mirrors. 

I tell every Chicago investor who calls me about Milwaukee to stay in Chicago - the economic delta is just not big enough to take on the remote cost and efficiency burden.

I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Max Max,BiggerPockets recently had me on the podcast featuring Turnkey real estate on BiggerPockets Episode #1049 . 

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

Technology has made remote property ownership very feasible.  

Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.

to do an out of state BRRRR you have to do the following remotely (somehow):-find a deal that is exactly the right amount of distressed - needs a big rehab, but can be salvaged and fixed up. 

If even a fraction of the things discussed on this thread are remotely accurate, then the outlook is not good for Norada or investors.Based on how things have evolved with the conversion to equity in a seemingly failing business and no communication about how Norada is going to turn this around, it leaves little hope for me to see how any water is left in the glass...I don't view this a syndication, at least in terms of what most of us are used to in regards to a syndication in a true real estate project that is backed by a physical asset.