Thanks for the great info @Cassidy Burns!

@Jay Yoo My tip is don't be shady like that in the future, you tried to trick the seller and got burned take your lumps and buy the property, or walk away with a lesson learned.

We can do this and not get burned because of my training and experience as a renovation contractor over the years.

Have you looked at John Burns Real estate Consulting?   

There's a work/life balance in the industry, and it's important that you don't burn yourself out.

You are right in saying Steven that most of these syndicators are "being saved" by the market but when the market turns south and cap rates start to increase, a lot of investors in syndications will get BURNED big time!

So they are capitalizing on the value add appreciation, which kind of burns me to even consider this deal. 

I'd have to live in one of the units for at least 6 months after the reno escrow closes before refinancing so that I dont burn a bridge with my lender.

I would want these people gone too...... they burned your units..... they have cost you a lot of time and hassle and are not "good tenants.

There’s a house I want to buy at auction but I need to see it first in person to make sure it hasn’t been burned down or to see that it’s in good condition,  but it’s in a gated community.. do you know a way I would be able to enter the community just to look at the house?