I still think syndication investing is fine within a self directed Roth IRA (or traditional IRA).The hold time on a syndication may only average about 5 years, which means when investing outside a syndication you are usually recapturing that depreciation anyways at a time you cannot choose/control as a limited partner.

The issue with that property was we didn't control the rehab under budget and timeframe.

Even if their license is expired, the commission may be able to reach them and motivate them to send funds to you and communicate long enough to get control of your property back.Start looking for a new property manager.

I guess RentRedi wants to control everything and everyone involved in their system.

None of your investors can singlehandedly exert any control on the asset they've invested in.

If you fail to pay your mortgage, the first lien can get control of the property or recoup money from the loan guarantor - probably you.

The new homes will be mostly built in the burbs, and I expect as we move forward outside of many city limits or in smaller cities where the builders can control the narrative with less regulations, less inspections, less red tape, lower requirements.Due to the number of people moving though, we'll see some urban infill as well I expect. 

Any help or guidance is much appreciated.San Pedro is a rent control area and you can confirm your property falls within this on ZIMAS for your property

Always have an option to buy out the other partners and make sure you have the controlling share. 

They come to realize  fractional ownership in a semi-active project with far less control is not as advantageous and eliminates the ability to build the more personal and meaningful relationships with lenders that comes with going through the more natural progression of growing a portfolio and business.