Second, for those that can afford the rents there is just a high volume of available luxury/high-rise apartment buildings in Manhattan to choose from. 

South Florida has many amazing locations and make sure that you choose the one that gives you the best deal and also look for the area that has good chances of appreciation in the near future.

Really though its good to look at a lot of deals until you get a grasp on it but unless there is a reason you are in love with it or you get it for a song, there are better opportunities out there.

My advice is see how it goes for the first 6 months, if you like real estate than keep going with it, however some people hate it after a while and choose some other endeavors to pursue.Good Luck

Hopefully.Downside is that the attorney represents client (your seller) and, despite you choosing the attorney, they must advocate for their client, not you.

This is also a function that you could fill yourself, if you choose to do so. 

Most likely the seller will be choosing the cheapest price which normally isn't the best job/warranty's,materials,etc.I would prefer a credit for the roof, whether that is a reduction in price or a check at settlement.

In other words, you can't pick and choose which funds you're borrowing against - they're all part of the same plan.

To summarize, investors choose syndication over alternative investments due to :Lower risk due to experienced teamAccess to larger deals previously unattainableLack of time to manage a deal personallyAccess to large depreciation tax benefits due to cost segregation studiesI think these are some of the more popular reasons I hear.

You can choose to use a contractor/property manager or do some of the work yourself, but it's better to have all the information before making an investment.Good luck and I hope you let us know how it goes!