Please post your due diligence checklist for the syndication investment you did.The two responses above will determine if you should invest in Syndications. 

To determine what to offer on a rental property:Determine reasonable market rent, NOT the highest!

This new rating system changed how FEMA determines flood premiums for the NFIP. - Phase 1 (October 1, 2021)Applied to new policies or existing policies that opted for early renewal under Risk Rating 2.0.- Phase 2 (April 1, 2022)Applied to all remaining existing policies, transitioning them to the Risk Rating 2.0 methodology upon renewal.The new system replaced the decades-old approach to calculating flood insurance premiums, aiming to provide fairer and more accurate rates based on individual property risk.Before Risk Rating 2.0, flood insurance premiums were mainly based on whether a property was inside or outside a designated flood zone and its elevation on a map. 

Value is based on each individual and they will need to determine if they think there is any value.

Cost was not as much a determining factor.  

A good question to ask yourself when determining what needs repaired would be: "Does this item affect the health and safety or habitability of the unit?

To move forward, determine whether you prefer local or out-of-state investing, cash flow or appreciation, and self-management or hiring a property manager.Good luck!

It also allows you to determine how fast you want to pay back the loan.

The reason why I ask is because that could determine what loan options are available to you (and interest rates). 

Your job is to determine if under the hood of these packages is it is underwrote properly and with a good sponsor.