I've seen numerous QI's fail during my 40 years in the business, and most of the failures would have been prevented had their been government oversight. 

Don't buy the song and dance "our word is our bond" or "we're deacons of our church". 

If one were to look at the list of portfolio properties presented on various syndicator websites and think that the syndicator listing them was the one that found, secured, purchased and asset managed all the listed properties, then one might arrive at an inaccurate conclusion for numerous syndicators.

Rud, Syndication deals (and crowdfunding deals which are essentially syndications that are allowed to market over the Internet) can be set up in numerous different ways.So there isn't going to be one single answer for this.To answer your question, I am not an accountant and you should always consult with your own tax accountant before making any investment decision.

My team is also well connected to this sector of the industry allowing us to be experts in Land listings as well as have access to numerous Off-Market Listings.

Our portion out-of-pocket was the $3K deductible.I'm friends with numerous apartment owners. 

There are just numerous variables and calculations you must analyze to check. 

Its byproducts include over five churches and numerous community-building activities whose effects are still felt today.

As for my Airbnb research, I have spoken with a person who runs numerous Airbnb’s in a different area (city atmosphere) who provided good ideas on how to smoothly run the property.

Quote from @Jay Hinrichs: Quote from @James Hamling: Quote from @David Song: CA, especially the Bay Area and other population centers, are great investment locations.