Its just math. 

What we see problem with multifamily syndication is really a math problem rather than syndication problem.If spread is negative than the chance of investment poor result is obvious.It's similar like if you buy company stock at three year high, but their forward looking order is decreasing without new product.

Look for rental comps in the area and check the math.

Hard to make that math pencil out. 

It's the most basic math there is.

I'm trying to evaluate if we should keep the property or sell it/1031 exchange into another investment, but I'm struggling to figure out how to do the analysis.Initial Purchase: $65,000 (Cash)Estimated market value: $250-270k - We'd clear $200-250k if we sold.Current Rental Income (after expenses): ~$1,417My gut tells me that we can leverage the proceeds into higher cash flowing investments, but I don't know how to do the math.

@Aaron Bardthere's probably another post on this topic i haven't read. but... do the math. 

Know the market, do your math, and calculate the risk.

Would you agree that the best way to see more deals is to "napkin math" once the broker sends you a deal and then say a quick no or I need more time?

So, unfortunately, you're likely to pay close to 20-25% on the $400,000 (based on my loose math here -- please check this with an accountant who is familiar with Idaho).