There is 167k left on an 11 year loan at 2.8%.The property technically has a negative cash flow of $200 a month.They have just retired and do not want to deal with the upkeep or a rental.

@Melody T.If this is your first syndication, I would schedule a call with a securities attorney and have them walk you through the PPM,.I would also hire a consultant to get answers to all the questions you posed, from fees, to alignment in interests, to the deal itself and the underwriting.Good LuckGino

.- Cash flow: Gross earnings are quite high and more importantly, home values continue to rise year over year.

Other then having a decent cash buffer as backup for vacancy+ things that will break and having insurance for each property what should i need to do to keep the engine flowing smoothly .

I joined bigger pockets a while back but had to focus on paying my way through school and passing a dual major in Chemical Engineering and Paper Science Engineering.

Through Realtor.com.

The current property has a tenant which terminated the lease that runs through the summer of 2026(~80k).

I’ve been looking for my first rental and have looked at 40-50 places and none of them cash flow.

I have been investing for 20 plus years in long term rentals and want to purchase my first STR for greater cash flow and appreciation.

I am grateful for the invaluable education I have received through Bigger Pocket's many podcasts & books!