One of the beauties of syndications is that the passive investor can get involved for a minimal amount of money (when compared to purchasing the property itself) and reap the benefits without needing to worry about management, financing etc.

Since I do not have much experience, preferably looking for a unit, $70K max, that needs minimal work.Thanks in advance!

That would give mom some quick cash with minimal work if ARV is about 550k to650k.If you are doing this to help mom, help mom, not yourself.

Please let me know your thoughts and any advice on how you have minimized the impact of franchise and excise tax on your properties? 

We don't have deep pockets so that is why we would need a minimal down payment.

The best deals I found on "homes in good condition type properties" seem to have a rental ratio of .85% max, with minimal cash flow.And obviously buying on retail listed prices would obviously mean we are paying top dollar in the current market price.

Right now I’m gathering information so that I can develop a system that works for me to minimize risk.

I know that mistakes are a great way to learn, but minimizing simple calculations would be great.

In the end, I am sure that I did take some focus away but it was minimal and my output always exceeded expectations.

Pros:  Great Schools, low crime, lots of renters so minimal down time. growing communities of 110K people each. driveable to OC and San diego.Cons: rents are lower, but that matches the purchase price.