Maybe Syndications are different for Partnerships.BUT, as a Sophisticated and Accredited Investor, you should know how to conduct your own due diligence on the history of the Syndicator and the strength of the pro-forma projections and the prospectus.Everything is buyer beware.

I'll guide you toward where I think the best vacation home investment properties are and can provide you with pro forma statements if needed.Keith

Down Payment:$0.00Loan Amount:$300,000.00Loan Points:$0.00Loan Fees:Amortized Over:30 yearsLoan Interest Rate:5.000%Monthly P&I:$1,610.46Total Cash NeededBy Borrower:$15,000.00Monthly Income:$4,000.00Monthly Expenses:$3,268.80Monthly Cashflow:$731.20Pro Forma Cap Rate:8.65%NOI:$28,100.00Total Cash Needed:$15,000.00Cash on Cash ROI:58.50%Purchase Cap Rate:9.37%Total operating expenses:Mortgage expenses:Vacancy:$400.00Repairs:$400.00CapEx:$200.00HOA:$125.00Insurance:$75.00Management:$400.00P&I:$1,610.46Property Taxes:$58.33

I wanted to find a way to use my income to form a semi passive stream of income on top of my current salary and ultimately build up my net worth. 

I explained it was because we form a LLC for each flip (which is the truth). 

I found foreclosed mobile homes for sale form a local dealer with minimal rehab.

Looks a little like pro-forma numbers.

The central question is one that I don't think has been asked: is this your pro forma, or the broker's pro forma?

I will link a pro forma report I did here so you guys can take a look.  

I am looking to start a direct mailing list for MA and CT on single family homes mostly in probate.