Has anyone experienced losses or failures (i.e. significantly less than expected return) through participating (GP or LP) in professional MF syndications?

I wouldn't pull out the equity unless you have a plan for using it and you think you can get a good return with it.  

If it's your own personal equity it should be the theoretical rate of return you would like but obviously that is less risky.So my challenge to the BP community is, tell me what these numbers are in your latest deal, be it syndication, partnership or something you just bought.

In regards to the tax implications - You are a California resident with an investment property in Ohio.You may be required to file a non-resident Ohio tax return.

Any leftover in the tax account after tax time would be my "return."

If the property costs $2M, then $200/month is a horrible return.

The key is to not overstate the income account, so the returned check needs to be accounted for correctly.I hope this helps!

All the numbers work out , the CAP rate is good , the Cash-on-Cash return seems above average .

@Yan Bekker  I echo the few points already made by @Jeff Burdick @Frank Sanchez @Ibn Abney - there is a lot of opportunity, but it depends on what returns you are expecting and how long you want to hold it.  

Given we will be living in one of the units, we won’t be collecting rent from that unit and as a result, our return is cut dramatically.