Also be sure to vet the prospective arbitrager as my partner just had to evict one out of his place in GA who was trying to STR the place as well. 

Aaron, if the roof line(s) are straight then the foundation should be fine.if you turn the hot water on and the water is clean and strong then your plumbing may be OK. 

By tuning in to the BiggerPockets Podcast and connecting with local lenders and brokers, you can build a strong network.

This is being led by states like CA, NY, and TX which shows how strong the market is and how its problems are always shifting.Syracuse, NY, would be a great example of market shifting.  

I understand it is perfectly legal for other entities to be "Partners/Members/Managers" in this new Partnership/LLC.

Also contacted by Judith Kot 512-518-5809I have been in real estate lending for half of my adult life and THIS is a strong "No."

This is an excellent location to learn many tricks of the trade as well as gain partners, mentors, and connections to help you to learn and earn within real estate. 

Check with them if they're using operating partner and/or integrated partner, sometimes stupid issue like property manager can destroy potential investment as well.If you can read company balance sheet or 10K/10Q report, then you may dig dive easily into reading T12.Every Joe during good year can deliver 12% IRR ; but I told you, if you buy duplex on the same year with them, due to long term financing and hgher appreciation of residential asset, you could make 20% IRR above.If you really want syndication, find syndication in industrial space with good sponsor, the volatility in this space is much lower than MF and usually the sponsor is very experienced as well. you can start educating yourself from Aleksey LP education that I shared before, there're few sections there that maybe coming from my idea as well.

San Diego does have some strong restrictions as well but with their tier system it sounds like there is still plenty of applications left for STR in the city.

Attend your local REI meetups to build up a strong network and feel free to reach out and connect with everyone in the community.