Thank you for the input @Darius Ogloza makes a good point and I feel like maybe that is the component that doesn’t add up for me.  

From what we've learned, syndications are in essence RE but yes, without the active component that we've been used to with our 6 units (just dealt with the classic toilet leak yesterday!).

Hi Katie,Suggest the following:Most states determine what building components can stay or must be replaced to code from the year it was constructed.This is called the " grandfathering clause ". 

During a bubble, assets typically trade at a price, or within a price range, that greatly exceeds the asset's intrinsic value (the price does not align with the fundamentals of the asset).

The encapsulant can only be used on certain components and the component has to be tested first, it needs to be applied to a specific thickness, and I need to keep special paperwork for 7 years if I encapsulate anything. 

Now if non of that aligns with your expectation . . . .then you have done your part.

Tell your friends that the best thing that can happen to them is that after 6 mo - a year of seeing how it works it alters the way one thinks about $$$ and re-align one's financial mindset and priorities.

Take a personality test like the DISC profile to get a better understanding of the role you might play in a real estate team or partnership or venture.Now, you can find a mentor that best aligns with all the above.

Part of the service of a professional restoration company is to be sure that the scope of work aligns with the insurance company and to negotiate on behalf of the property owner to be sure that the repairs are being done properly and fully paid for (less your deductible).

So giving a rule of thumb is good, but there are many variables that make up the amount of short life components within a specific property.