I would find a team that's already doing this in the market of your choice and see if they are available to help.

I would personally avoid violent crimes, our tenant had made a bad choice but it wasn't a violent one. 

Hi @Ryan Kelly thank you for that stat.

And with RE there are many choices of investment types.

In their markets that could be the wise choice  But SF  LA Seattle  etc these are different animals. 

However, syndications are more suited to taking care of certain elections/choices(cost segregation) that may be overlooked by the individual investor.Furthermore, when you are an investor in a syndication, you are at the mercy of the syndicator to provide you the K-1 before you can file your return.

Originally posted by @Ryan Kelly:@Neil Narayan I can hear California singing that George Strait classic song "All my Exes Live in Texas...."

Your choice whatever works best for you, thanks!

so a PRIVATE person had better be giving me much better terms....or I'm just going with Hard Money.I usually provide a choice to my private lenders - I'll give you 6% with payments or 8% with no payments. 

Once you've renovated it the HELOC is a great choice, my mortgages are also owner-occupied, so it usually makes sense to keep that mortgage in place and use a HELOC to access the equity.