I was able to purchase my 1st and only property Dec 2017, which I've been house hacking with my daughter while my 2 rented rooms covers PITI, all utilities, home owners insurance, internet, Adt full package monitoring, Netflix, etc, plus leaves me about $100 monthly. 

What will happen is that cap rates will increase, so more deals will work, then cap rates will decrease again as the properties begin to stabilize, then the profits for GPs and LPs alike will be fantastic.Honestly I don't think preferred returns will change much unless an individual syndicator is desperate (and I would personally never give a desperate person my money).

Also, monitor the contractor's work, ensure they are on schedule and do what they say they are going to do. 

If the contractor did a good job, it is highly unlikely that this thing sticking out of the floor is not his doing, it could also go the other way that he didn't monitor his subs and did this issue, who knows.

On the city's brochure, there's no indication as how these escrow accounts will be set up and who will monitor and control them. 

I had been monitoring them off and on to follow the foreclosure process of the previous owners.

You can use it on your phone, like a gps map, turn on landowner information and it will list the owner. 

Recognize that there might've some expenses that you would not normally think of- like sprinkler system inspections/certifications, active fire alarm monitoring...

I have had many rentals in GPs and land trusts.if your llc only holds rentals and all owners are blood related, do FONCE exemption from FAE.

@Preeti Tibrewala install an internet connected camera to monitor who is not cleaning up after themselves.