@Jaquon Miller, while there are certainly some lessons that are learned from fix and flips and BRRRR that may translate into syndications, I would say it is not totally the same.Syndications require a far more in-depth understanding of investment finance than the typical BRRR or Fix and Flip.  

This can be done using accounting software or a spreadsheet, which can make it easier to collate and organize the information you need for 1099 filing.It's important to review the IRS guidelines and requirements for 1099s annually to ensure compliance.

When searching for the ideal home, be adaptable in your approach as occasionally the ideal offer can not meet all of your requirements but still present a fantastic opportunity for investment or house hacking.

We've got some capital, but I've heard of investment loans that require zero % down as long as we can show that the property will be able to rent.

Sponsor B may only offer 40% compared to the Sponsor A 65%, but the LP's in Sponsor B's syndication will fair better because far less capital is required.

If your state requires you to send receipts for repairs enclose copies of the receipts.

(BTW, I've created a spreadsheet to estimate the rental income required to qualify for specific properties and am happy to share it with anyone interested).After conducting some research and attending open houses, I found very few properties that meet my financial criteria within San Diego.

@Angie Hensley Most states require a lease to identify the owner of a leased property, whether a person, trust, LLC, IRA, etc.Landlord = Lord of the Land = Owner per deedAgent = someone legally representing the ownerProperty Manager = Agent

it is not required in FL where I would buy.  

I know that nothing is free, and that some programs require you to pay the DPA loan back before you move out but what else is there to have in mind that I should know about.