I would say the cost if it does become an issue could be high but that is a call you have to make. 

That's a ridiculously high insurance premium. 

I would also highly recommend you educate yourself on New York State tenant/landlord law, especially if you plan on self-managing.

The cost of eviction is really high in NYS, the cost of mismanaging an asset is even higher. 

To get accurate and up-to-date advice tailored to your situation, it's highly recommended that you consult with a qualified tax professional who can review the specific details of your syndication investment, your financial situation, and the applicable tax rules to provide accurate guidance.

They have a large network of high net worth individuals and accredited investors who are interested in investing in multifamily real estate.

Highly unlikely anyone would be able to buy that particular note, and if they could, it wouldn’t necessarily be at a discount.

Here's my situation:Debts$127K loan @ 16.99% for an investment property rehab - $1963/months fixed$50K Heloc against primary obtained when rates were low and has since adjusted to market (high) rate $36K (three business credit cards at diff rates, lowest at 22% apr)IncomeMortgage 1 income after expenses (primary carrying the heloc -) - $600/monthMortgage 2 income (also primary) - $ 162/month ( not enough equity in this to sell right away ($70k) but area is growing like crazy)Mortgage 3 income (investment) - $720/monthMortgage 4 income (this is the property the127k loan was taken against) - $856/month - This is the one i am considering selling.

I am planning to move this summer and really want to put my house up as an MTR given the high demand in Wilmington, NC!

Yeah there's money to be made, but at what risk, and o yeah drunk people at the beach pose a high risk.