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

This zip code has areas with newer developments, which might appeal to a certain segment of renters.32205:Location: This is the Avondale and Riverside area, known for its historic homes and artistic vibe.Investment Potential: This area has seen significant appreciation in recent years.

Of course you have to know what your doing in this segment as well.  

I know some zoning codes don't make a distinction between the two which is a bit unfortunate.

Pathologist AssistantI dissect surgical specimens ranging from skin biopsies to colon segments.

@Linda Weygant @Kevin Coggins  when he mentions negative gearing that is a distinctly Australian term.. for whatever its worth you will not hear US investors mention that or even know what it means. internet is a wild thing.. when you can create all these persona's.

All segments of our population must be served, housing is not an option and your target market will be unique.

There is some value in placing each property in a distinct entity.

I think you have two very distinct things going on here.. you have folks that have no real formal real estate training and they are simply investing in rentals.. and then someone like me who is in the business owned real estate companies owned mortgage companies own's a building company .. and HML company.. all related to real estate but not one dime comes from rental income..

Today, it isn't as much anymore because Salaries have stagnated for about 30 or so years, especially if you look at Buying Power over the 3 decades.I want to make a distinction between PAID education and FREE education (or almost free).