Less work, some less return, but also can be less risky depending on the operator and fund structure. 

We both have W2 jobs.

AIRDNA: As is (1bed/1 bath): Projected Revenue $50k/year, Net Operating Income $24k/yearPost rehab/rebuild (3 bed/2 bath): Projected Revenue $120k/year, Net Operating Income $76k/yearZillow Rent Estimate:As is (1 bed/1 bath): $2,900/monthProjected rent based on comps in area: $6,500/month We would also more than likely include an ADU in the new build.

I agree, I wouldn’t be able to manage a STR with my current job so focusing on MTR for the rental rates here and ease to manage.

As an example, I'm personally looking for long term appreciation to generate wealth in the future, because I make money for my day to day expenses with my current job.

Hi,I’m considering a partnership with my next rental purchase, and this would be my first partnership.Do you form an entity for the property such as an LLC taxed as a partnership before acquiring the property? If so, ...

I am also trying to figure out what my next job would be.

But you say you’r busy with your family and I assume job.

Indiana has state tax too, but far lower than Ca.Since I no longer had a day job I became REI pro and cut my income tax to a fraction of what it was.

I'm sure there are more ways that syndicates operate so please, feel free to share your syndication experiences and your knowledge on the process.