Here are the projections for 2024 to give an idea of expected returns:2024 IncomeLong-term Income$8,400Gross STR Income$45,500 (based on AirDNA projections)Additional STR Income$5,915 (mostly cleaning fees)Total Projected Income$59,8152024 ExpensesSTR Expenses$16,453 (32% ratio)Mortgage$34,476Insurance$707CapEx$3,600Taxes$2,729Total Expenses$57,965Projected Cash Flow$1,850CoC Return2.79%2024 Additional ReturnsPrincipal Paydown$2,930Equity Appreciation$16,200Mortgage Interest Deduction$7,571Total$26,701Total Projected Returns$28,551Projected Return on Investment43.1%Projected Return on Equity21.4%The CoC numbers are not impressive, and the property only cash flows as an STR, which carries some risk.

Hi Tempu,Some other things to consider other than rate are closing fees, loan term and pre-payment penalty.

Thats a $22k difference between me paying a upfront fee and a success factor.

Prior to speaking with an attorney you need to learn how the syndication model works.Underwriting, LP/GP structure, fees, etc.A great book is Best Ever Apartment Syndication - textbook for this business.Happy to provide more insight on the process, if you want to send me a DM.

There's closing costs, appraisal fee, and points to consider. 

So don't pay their assignment fee through them, they'll get paid once it closes.

I'm ok with month to month, but I also need to raise rent to current market value, add in late fees, set up auto pay, etc. 

Most lenders allow you to buy the fee out, but your rate will be higher as a result. 

Tons of rating factors that impact the price from one property to another.I say this without even considering coverage, service, and what you might want as there are usually choices to be made.Your best bet is to work with an independent agent that can provide advice along with multiple options for every scenario so that you can find the best value in each situation.

So, the agent may earn a profit getting a selling commission, but the agent is also responsible for marketing and other fees.