Which is not uncommon, what is uncommon is the number of inexperienced syndicator’s Who not only lost all the investors money, but some even fail to communicate the status of this indication. .To start, understand the type of deal you want to be in.

However, the absence of a renewal option in the lease could indicate uncertainty or strategic flexibility.

From there, you will learn exactly what to do with your cash so your risk is totally minimized.

I recommend starting small and looking for turnkey properties to minimize the stress of managing rehabs.

Does this falling yield indicate that its better to wait for the next downturn to get into this space?

@Thomas F Blaskey If your gain after expenses is minimal (~$15K), selling outright is straightforward, with modest taxes on the gain (15%) and depreciation recapture (25%).

This minimizes disruption if issues arise.

Just curious what is the long term plan as far as minimizing tax in later years as the account in pre-tax become huge?   

At the same time, I prefer to minimize liability, though I’m not a seasoned investor.Is this one of those calculated risks that investors eventually become comfortable with, or should I prioritize limiting liability from the outset?

Both of these challenges can often be minimized with the right team and guidance from an experienced investor.As @Jay Hinrichs mentioned, appreciation is the main driver of wealth in real estate.