It was a good investment if i would move out and rent my side out it would have a 17% coc. yes one side came with renters CMHA

Is it advisable to do it with no money out of pocket?

@Garrett Kula there are plenty of people who invest in the suburbs, and you can do just fine.

It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/filesGood luck.

I guess the question I have is what are you going to do with money that doesn’t go in reserve?

I would say these are not deals for a retail investor.Regarding investing in syndications, its really a personal choice of being passive and trusting people when real estate is not your specialty - similar to stocks - I do not manage my stock portfolio because I am clueless on it and my wife is 1000x smarter than I am and manages it.

There are local firms that will do it for you with the cost of about 1/3 the tax savings. 

They need to do all their due diligence including understanding the value that will be added by the ADU, the finance options available, the consequences of adding the ADU (rent control, property taxes, rental limitations, etc), etc.Good luck

Quote from @Charlie Martin: Hello, I’m hoping to buy my first property next year, and am wondering if I should create an LLC to do so.

It is not too good to be true as your mortgage should typically be around 50% of the rental income.