They do the hard work while investors like myself get the benefit of having a long term rental.

The biggest pain points like others mentioned is the Pre-Payment Penalty, Lender protections, and undisclosed fees. 

The term syndication often is used in a multifamily/commercial or other real estate transaction, where a property is being purchased and the GP needs to raise capital (equity, often) to purchase the asset.

I am today years old in terms of this forum and it's already provided a wealth of super useful information.

I currently own one side-by-side duplex in Euclid (purchased end of 2022), and am looking to eventually buy more rental properties, and possibly get into medium term rentals.

Places like Maplewood, Richmond Heights, Affton, etc. would be where I would start (if looking at long term rentals).

Others differences that jump out: loan parameters are stiffer (usually 20 terms on a mortgage instead of 30 year), commercial insurance will be more expensive, appraisals will cost a good bit more.

There are many ways to avoid taxes, so nobody can give you a complete answer without knowing your entire tax situation.If your only taxable item was selling this condo, you would owe long-term capital gains on the $150,000 plus ordinary income on depreciation recapture.

Hi there,I plan to purchase a short-term rental in Hawaii.

I prefer Airbnb but worst case scenario I could always long term I suppose.