The dark side of real estate syndication that nobody talks about  That and the sponsors not doing a capital call but raising a debt fund that will have an equity position in that deal so they can continue to collect fees but now investors are further down the capital stack and more likely they will lose even more money....

These are areas where you can still buy in under $100k and usually still expect rents at $800/mo and up with low vacancies.Feel free to reach out if you'd like to chat!

We did this all ourselves with our own funds for down payments. 

So, the delay is most likely caused by the tenant - either incorrectly entering info or not having proper funds in the account and the systems trying again a day or two later.

Domicile: WA State (income tax free)Property location (Texas): (income tax free)LT gains + Depreciation recapture ~ $300k on a $500k income property ~effective / average tax rate = 12% for past umpteen yrs (relatively low income, avoiding IRMAA and doing Roth rolls (no 'realized' income, just transferring from tIRA to Roth = vast majority of annual MAGI income)In the end (coming soon, ~17 yrs) ALL remaining estate will go to charities / Charitable Foundation / DAF.

Interest rate is crazy low (2.63) and the appreciation is ridiculously high if we look at the Zestimate (~45%). even if it does drop down, it will still hold value. 10% immediate loss is duly noted. and that's why it feels like a lost cause to buy now and sell soon.Thanks a lot for the food for thought! 

@J Newman to answer your HELOC question: yes, you can use those funds for business purposes if Dad is comfortable with that option.

First option is to sell the house immediately and utilize those funds (~100k) to supplement the cost. 

I ended up not investing for a few reasons even though the syndication sounded interesting:- They said they were oversubscribed but would still accept some additional funds.

You'd most likely have funds to do something interesting in the area and maybe build on a lot you divide with the right financing.