And if you can't make the cost seg work you can always complete your 1031 and at least you won't recognize the gain that way.  

There is no excuse for not going on sites oneself and checking the data real data with your own eyes.

I was just checking if it was something that I missed because I'm new to syndication and someone who has done multiple deals may be able to recognize from the verbiage if distributions was "Return on" vs "Return of" capital.I don't think the sponsor will lie about it as that wasn't my reason to post here but ideally I would like to learn enough to scan through multiple PPMs from different syndicators and determine if distributions are "Return on" vs "Return of" capital without waiting to connect with the sponsor for answers. : )

Find yourself an agent that is willing to pull comps for you and doesn't mind running CMA's for you  - just be sure to be be respectful of their time and toss them a few Starbucks gift cards once in a while - and even better - buy a house from them or refer people to them every chance you get - a good agent will recognize the opportunity to keep the leads flowing and if you are a serious buyer, then it will be well worth it to them. 

Something magical about unicorns and bar graphs 😁 - But I recognize this is confusing.But this 5/6 BR is NOT a rule, in fact EVERY area is different.  

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.

The investors I know recognize they can get full service PM for 25%.  

@Brie Schmidt this is a great question, as many people are aware that the City has the ADU Pilot Program to allow thus type of unit; however, do not understand what it means for units which were already existing but not "Legally recognized".Essentially, the City see it this way, If you have an existing Unit that was built out/Added to the building Without a Permit, then it is an Illegal Dwelling Unit.The way that the ADU Pilot Program Helps in this case is the fact that these units were commonly added into buildings which otherwise would not have been permitted by the Zoning Ordinances, and therefore would have required some form of Zoning Variation or Map Amendment in order for a unit like this to be permitted.

So, going forward you'll want to consider how to recognize the warning signs that things are going south (figuratively speaking) for your tenant. 

It might be something I look at doing my one Self management down the road but with only 2 properties it is hard to justify the time.