When investing in a syndicated deal there are literally thousand of variables and even the best real estate syndicators make mistakes, bad choices and bad decisions.

If you're over 1% it's usually a good sign.Aside from that CAP, ROI, and Cash flow can vary from investor to investor depending on what assumptions are made.For example I like to see >8% CAP, >20% ROI assuming 20% down conventional financing, or net cash flow over 750$ for a deal.However there are many variables and exceptions.....

Rental history is a variable and should not be used for analysis. 

The reason I asked about that is it seems no one talks about it or is it just a known variable?

Your LLC agreement will govern the allocations of income and expense (within the limits of the partnership Rules)and the information will be reported to you on the form K-1.There are many variables that will affect the treatment of the $4,500.

But glad you got most of the money, I think you can impact people's lives, but you're helping rich people get richer....This is a big project with a lot of variables. 21k is a big space to fill!

There are many variables to investing in these homes to consider, you should consult a realtor and property manager that can help you distinguish in how you will use it, what you want out of it, how you will manage and many other items.I would suggest looking into Windsor Properties (Hills, Westside, Palms and Island), Solterra, Solara, Storey Lake and Championsgate.

Account Closed  1) not knowing  what  amount of  cash you have  set aside for this  plan ...here are some ideas   2) getting  financing in CN for any of the ideas mentioned will be  very unlikely  3) depending on the  equity you have in the SEA TH  and  depending on how much you will need for the move - you might  consider leveraging  the TH and  pulling out as much as  you need ( or ahas  much as you can )  4)  consider getting a HELOC  ( home equity line of  credit ) in place on the  townhome  asap  as  heloc lenders prefer to make these loans to  borrowers that  are  employed / have income and  are using it  as a primary residence  5) rates on helocs are  variable and  will be high ( 7-9% range )  but  you dont need to use the  HELOC and  if you do need to use it - you can access  it in  small draws  as needed  6) of course  having possible  additonal debt on the  SEA home will affect the net  rental income 

There are many variables that make up what is defined as a good or bad tenant.

Hey @Darren Redfearn, be weary of this one - it may sound good from the surface to get a reliable tenant in there for the long-term, but they're usually looking for a discount and perhaps wouldn't be strong enough on their own if they had the same variable as everyone else.