Efficient negotiations secured the property for $200,000 on favorable terms.

Short term rentals are more challenging in Truckee, as there is a limited number of permits and a currently a waiting list.  

They do the hard work while investors like myself get the benefit of having a long term rental.

Are you looking to invest in short, medium or long term rentals? 

The term syndication often is used in a multifamily/commercial or other real estate transaction, where a property is being purchased and the GP needs to raise capital (equity, often) to purchase the asset.

In terms of legal perspectives: I found several AriBnb in the areas that I'm interested.

I am today years old in terms of this forum and it's already provided a wealth of super useful information.

Places like Maplewood, Richmond Heights, Affton, etc. would be where I would start (if looking at long term rentals).

I currently own one side-by-side duplex in Euclid (purchased end of 2022), and am looking to eventually buy more rental properties, and possibly get into medium term rentals.

Others differences that jump out: loan parameters are stiffer (usually 20 terms on a mortgage instead of 30 year), commercial insurance will be more expensive, appraisals will cost a good bit more.