This is a great place to learn and to connect with people so take advantage of all the great resources.

Thanks for posting this. 

The reason someone would not do this is why would someone want to lose $900,000? 

Reality is many bad events/outcomes was done with risk and/or stupidity including poor research.

Thank you both so much for this information!

This is a very common agreement, in your space your problem and they also should have insurance that if its extensive insurance would cover it. 

Is this how your syndications operate? 

I joined BP after you posted this.

As you venture to try and find what cities/areas to buy in might I suggest this resourcehttps://www.areavibes.com/This is a great website to get an over view/starting point for what the neighborhoods are like. 

Looked at condos taht we could possibly make work.Would this be something that we should consider or just continue saving and waiting out the next two years?