Is this a good idea or will I just end up getting an even worse applicant pool by doing this?

People want to live in those environments when there's a pool and all that attractive stuff.

Do the units have in suite laundry,off street parking,dedicated parking space for each tenant,separate storage units,lake or skyline views,clubhouse,pool,workout room,concierge service,utilities included etc.You have to make sure the landlord is not giving rent credits for first month or waiving security deposits which will lower your actually monthly rent numbers.Rents could be fixing to drop for the area and the tenants lease terms are fixing to end.Then after you buy they come to you wanting lower rent or they leave.When foreclosures or short sales happen around the area the new owners that buy for cash or a loan loan amount after down payment can achieve the same or better cash flow with the lower basis.This results in them leasing for below market to retain tenants or fill up fast and puts downward pressure on average rents for the area.

Putting together a syndication to pool funds to buy larger properties for investments?

I had seen newer condo developments where HOA dues were triple ours although they had no pool, park, water or amenities.

It's not the right season for your neighbor to be filling their swimming pool ; )

I'd rather not pay for the swimming pool being repaird since I don't swim in it......that won't fly, you're an owner.Jon avoids HOAs and so do I and I suggest most others do the same unless it has years of history, professionally managed, has no sale or leasing jabs and a very tight set of Articles that is owner friendly.

You will need at least a few 100k to get started in triple net or you can also set up a partnership and pool funds to purchase.Your number of units and what rate you can get depends on how far these are spread out.49 units in one or two locations within a mile of each other is different from 49 units spread out in 5 or 10 miles with 15 locations.The time and logistics and economies of scale is ran differently.

Key question is do you want to own the property yourself or are you willing to pool funds with other investors local or not to invest in a larger property that might be a more quality asset??

I just removed an awning style from one of my houses and tried something new, I built my own custom one that is leak and rot proof, I had a friend who owns a glass company build me a thermopane glass to my dimensions and then I built a custom frame out of PVC trim, works great and lets in plenty of light with no place for water to pool.