Is it a percentage ROI based on amount invested or Do the investors actually get a percentage ownership in the property.

But this is the same basic list that I talk about quite regularly with others:1) Public REITs2) Direct Ownership of small properties3) SyndicationsTo me:1) Public REITs - typically fairly low dividend yield, strong correlation to equities market, high volatility, no pass through losses2) Direct Ownership - debatable how passive it really is3) Syndications - possibly high barrier of entry (accredited investor and/or high minimum), limited transparency, illiquid, no controlAnd then you can get into tax effects with 1099 vs K-1 vs direct Schedule E from a P&L

My father, is getting sick and is giving me the opportunity to take over ownership of the house in Miami, FL.

I moved from USAA to AM since USAA would not issue coverage to LLC ownership. 

The term does not include --(A) any officer or employee of a creditor while, in the name of the creditor, collecting debts for such creditor;(B) any person while acting as a debt collector for another person, both of whom are related by common ownership or affiliated by corporate control, if the person acting as a debt collector does so only for persons to whom it is so related or affiliated and if the principal business of such person is not the collection of debts;(C) any officer or employee of the United States or any State to the extent that collecting or attempting to collect any debt is in the performance of his official duties;(D) any person while serving or attempting to serve legal process on any other person in connection with the judicial enforcement of any debt;(E) any nonprofit organization which, at the request of consumers, performs bona fide consumer credit counseling and assists consumers in the liquidation of their debts by receiving payments from such consumers and distributing such amounts to creditors; and(F) any person collecting or attempting to collect any debt owed or due or asserted to be owed or due another to the extent such activity (i) is incidental to a bona fide fiduciary obligation or a bona fide escrow arrangement; (ii) concerns a debt which was originated by such person; (iii) concerns a debt which was not in default at the time it was obtained by such person; or (iv) concerns a debt obtained by such person as a secured party in a commercial credit transaction involving the creditor.(7) The term "location information" means a consumer's place of abode and his telephone number at such place, or his place of employment.(8) The term "State" means any State, territory, or possession of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any political subdivision of any of the foregoing.15 USC 1692b

These will have an impact but if the property is worth $240k you will not get 50% for fractional ownership.

The common structure I am familiar with lumps everyone (investors, sponsors, issuers) together with different classes of ownership, typically an investor class and an operator class.

Do you know how it works if two partners buy a house like my scenario, but then they want to split it off to where just one person has sole ownership?

Yes, the ownership is very stable, of the 150 units, there is onley one delinquent.The engineers have taken a look at the guts of the buildings by taking cutouts.

One reason: home ownership percentage is somewhere between 60% and 70%, so renters are between 30% and 40%.