My introduction to master lease was when I did a shared living environment with seniors; five suites and s shared living, dining and kitchen, so I can’t wrap my mind around your concept?

It keeps the HGTV concept out.  

@Casey Cranor I agree with concept of leverage per @Lucas Miller cause you can do more with less, as long as the numbers workout Leverage! 

Most syndications that I see are between 6-8% Love this concept of holding off on the pref till the value add has been completed and stabilized. 

The tax impact is not generally detrimental in the grand scheme of things, and a leveraged return should be higher than a non-leveraged return, but it is certainly a concept to be sure to understand.My general approach with IRA consideration is "Is this investment going to produce a better risk/reward than what my IRA is invested in today?"

When I discovered the F.I.R.E. concept, I knew I had found the answer I was looking for ("when the student is ready, the teacher appears").The only way to find out where the potholes are on the road to success is to start traveling on the road to success.

But the basic concept is the same. 

Kingsland, CPAThe Kingsland Company, PCMoney Concepts Capital Corp.10260 SW Greenburg Road #400PO Box 23637Tigard, OR 97281

Through the Biggerpockets podcasts, webinars, blogs, forum posts, and recommended books, I have learned many of the basic concepts necessary to succeed in REI.

I've read tons of books, articles, and blog posts and feel like I have  good grasp on the "concepts".