@John Michael RobersonI agree with @Kory Reynolds: tax-wise, it is a workable plan, as long as you are hands-off, which in technical terms is known as failing material participation.I would caution however against focusing strictly on taxes.

Use that money to put down on a real piece of property that offers tax benefits, appreciation and less police traffic.

(I also had good friends who kept claiming they had “warned” me about the partnerships which strained other friendships as well.)

How can I go about obtaining a list of properties that are tax delinquent and/or have code violations?

As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and handling multi-entity structures.

You get some negligibly protections in an LLC too, and possibly tax.

Back in the late 2010's, Philly had potentially due to the low tax vs the comparable rent.

Alabama has the second lowest property taxes in the nation behind Hawaii.gp

I aim to have it show the impact of K1 losses if the syndication offers it, and that tool is helpful because some of the comparisons will show a real estate syndication vs mortgage notes or debt funds that may not offer the same tax advantages/losses.I've included some of the criteria I was putting on the Excel calculation below.

But the upside is also much bigger than saving money in the savings account and lose it through time due to inflation and no tax benefits.