Response to your question: This is the last of their portfolio that was sold off over time.

It’s better to start small and gain experience than to get stuck overanalyzing.Keep the questions coming!

I do have a third goal, but too much will happen by the time my second goal materializes that my third goal will likely change drastically.Also, I tend to find myself wanting to ask market-specific questions to agents/lenders/investors/contractors/etc. a lot.

Someone like him is a good resource for questions like this as he guides you through the transaction.

Quote from @Anthony Klemm: Quote from @Dominic Mazzarella: Quote from @Anthony Klemm: Newbie here with some questions...I've been reading a bit about syndications and how they function as a whole.

I had to look up what "variance analysis" meant.If I understand the question correctly, you're asking "What went wrong to not hit our 20% target?"

Happy to connect and answer any questions you have :)

That likely means that they are not good with money management which you are likely expecting from him.To answer your question, if you are doing long-term rentals, the LLC taxed as a partnership is likely the go to route.Best of luck.  

Any questions you have throughout the process.

The founder appears to have been involved in businesses outside of real estate: ‘My dream is a locally made grooming products business’ | People | nashvillepost.comSo it does not appear there is a lot of track record there, but those are questions I would ask.