Most of the big name brands want no part of property management.

If they have no experience I would probably pass. 

I was able to get the seller agent to give a 30 day grace period where I can get my 1k deposit back for any reason.

@Moira Baggett, there is no real answer to this other than: review your operating agreement and potentially talk to an attorney, likely to do the same.Most syndication docs drafted by capable attorneys will effectively state that you are acknowledging these are risky investments and there is a real chance you lose all your money.  

If you buy a condotel, then management will be included, often you will have no say about who manages it.

So let's say there is no value increase, but you pocket an extra $1,100/mo in income.  

https://www.biggerpockets.com/blog/short-term-rental-loans-a...High Level --Conventional will typically offer lowest rates/fees but harder to qualify, especially if you are scaling and past the first couple of properties or going for the high-end of the market-2nd Home (10% Down) - should be very careful here - these are not intended for STR properties and people using them for pure investment properties are entering dangerous territory (you are attesting to use it as a rental half the year or less, no management, need to live in proximity, etc.)- DSCR Loans - typically your best bet if you don't quality (or have "outgrown") conventional or looking to scale a portfolio or diving into more specialized markets. 

Hey Dave,It was great to meet you this weekend in Panama, one thing to consider is you would not be subject the UBIT (Unrelated business income tax) using your IRA money to buy parcels with no debt on them.

No test, no experience, nothing else needed (beyond an insurance policy number to complete application).  

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