In my case the buyer did not contest and we were given immediate ownership of the hosue. 

A lender usually wants you in title for 1 year, but there are programs with "seasoning" of your ownership at 6 months.Investors re-finance at 80% LTV.

Syndications and direct ownership are very different from one another for a lot of reasons, but in the context of comparing them on a strictly financial basis there are enough similarities to draw some comparisons. 

When it's paid off the rent portion will more than cover ownership costs.  

Take ownership and I prove the property by adding value.

Mitchell, can teach you about the "true cost of ownership".No, not live there that long... there might be some term requirement by the lender, if not, once the project is done, when you have found your next project you might see what the value is of your first project and if you've added enough equity, you might even be able to refi and pull your cash out and then do it again.

Premises now dangerous as vacant and open, uncompleted and abandoned, or vacant and boarded. (13-12-130, 13-12-125) Maintain watchman at vacant or open premises. (13-12-140)CN193019Repair or wreck dangerous and vacant residential premises. (13-8-100, 13-12-125, 13-12-130)CN193029Maintain watchman from 4:00 PM to 8:00 AM for vacant and dangerous residential premises. (13-12-140)CN193110Register vacant building within 30 days of it becoming vacant, or within 30 days after assuming ownership of an existing vacant building. (13-12-125(a)).

@Lynda Allison Just a technical point--occupancy is not ownership.  

I'd give it a B: low crime, average schools, 75% home ownership.  

I have never bought a restricted-ownership property but I am sometimes inclined to do so.