The guru's also promote talking to the representative and having them remove all yearly fees.  

While I realize that if a person really wants to find out who owns the LLC, they ultimately can with some personal effort or potentially the courts, I didn’t want people to be able to easily look up that information online (ie a simple Google search).

Make no mistake: syndications are highly speculative investments in a PROMOTER with limited upside, but the very real chance of losing your entire principal that are suitable ONLY for highly-experienced investors who understand the risk level and what it means to have no access to your capital once invested for 5 or more years after the investment.

Never heard of that but ultimately its their money and their rules so how do you argue.I did try pushing them to seller finance but they wanted 100k down and I just don't want the property that bad to where I have to tie up my cash for the down payment plus the rehab to add the additional units and fix the place up. 

Just double-check with the Illinois Department of Financial and Professional Regulation (IDFPR) to make sure you have all the specifics covered.Managing Broker and Deal Visibility: Yes, typically if you hold your license under a managing broker, they’ll have visibility into your deals since they're ultimately responsible for the transactions you complete.

There is no Promote and no investment from the Sponsor (usually) - so there is no alignment of interest, but the better Sponsors want to keep their reputation. 

They are there to help you as you have requested, but it is still your business and you yourself are ultimately accountable for its success or failureLetting your property manager own the property listing on Airbnb is like a head chef letting the dishwasher set the menu at a fancy restaurant.

Our ultimate fear is that we dump $50,000 into this property for a very small return.

You can self-promote under the Classifieds forum.Regarding cash buyers list you are trying to create - just find solid deals and publish them and the buyers will appear.

From my understanding the 15-18% IRR promoted by syndicators generally does not include these tax benefits either, so it is still a fair comparison.AssumptionsI had to make a few assumptions about the property and mortgage interest rate:Property value = $180,000Rent = $1680Mortgage Interest Rate = 6%I also made assumptions related to other costs such insurance, taxes, property management, maintenance, capital expenses and vacancy.