We may not be at top, there may even be a dip followed by a rally (just like stock market in February) but it is looking bubblicious in certain segments/markets.

There is a great value to the FD and I believe the distinction between a conveyance of full interest (land included) is unsupported given the fact that people can donate property while retaining a life estate - but, the law appears settled.

So now you have three syndicated deals, one each per market, in three distant and distinct markets, right? 

And that can be very different in different areas of the country and even within the same neighborhoods but in a different market segment. 

So long term I'm still bullish on NY/SF and other iconic cities.4) More importantly, ss RE investors we have to think about how it will impact our particular tenant segment.  

This is an important distinction in places like Breckenridge/Summit County, where the city of Breck has essentially banned new vacation rentals, but Summit County allows them.Good luck!

The upside in these projects is increased value in the eyes of retail buyers OR investors as it relates to cash flowAppreciation can take many forms (long run, forced via improvements, forced via improved management, etc.) and is a valid and viable business model that should be maintained as a separate and distinct business from owning and operating rentals.

It lists 20 questions you need to ask a property management company broken down into there segments from learning about them and their experience, learning about their systems and how they operate and finally a few to help you make that final decision on if they are a good fit.https://www.biggerpockets.com/...Best of luck!

A reliable tenant is someone who stays for many years, always pays the rent on time, and takes good care of the property..For many years, we have focused on a tenant segment with a high concentration of reliable tenants, and our results have been excellent.

A strong will, a settled purpose, an invincible determination, can accomplish almost anything; and here lies the distinction between those who become great and those who remain little." ~ Thomas Fuller