His agent told him property taxes would be $5,000 annually.

Rents: 14 units are currently rented for a $150,540 annual run rate.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I easily solved the problem, entered a 3 year lease with a tenant that provided me with a 20% Annual yield on my invested capital (purchased the property for cash).  

If the three steps above seem like to much work than just spend 75% of your annual income and save/invest the other 25%.   

Otherwise, I assume you are seeing about 5-7% appreciation annually, so if you can sell and beat that return elsewhere, then it makes sense IMO.How much do you anticipate your rental would go for? 

By definition, these are investors with $200k+ annual incomes or $1mm+ Net worths.  

It simply states that 50% of the annual income will be taken up by operating expenses.

. $38k Investment I 12% Annual Priority Return I 25.7% IRR I 2.9x Multiple I Hold Time 5-7 years What made you interested in investing in this type of deal?

Investing in a syndication requires you to understand the expected return ranges for a specific asset class.The benefit, in my opinion, of investing in a syndication is the time you save so you can go ahead and enjoy your life while getting a stable return.If Class A real estate is giving a return of around 8% annually, I would look for sponsors to provide you with a similar range.if someone is offering a much different return, I would run away.Best of luck