A syndication is very unlikely to have no debt).On the other hand, syndications allow most investors to access and diversify into asset classes that they would not be able to own on their own because the entry point is too high (ie, offices, mobile home parks, self storage facilities, larger multifamily etc.).

Bigger Pockets is a great self investment and I am appreciative of it.

Also shout out to @David Zheng , gotta love that self awareness :)

I made $600 in income in 2018 via a referral to another agent, and that's all I need to feel confident about deducting more than that in allowable expenses.

We formed a set of LLC's initially because we were able to finance part of one with a self-directed IRA. 

I have out of state multifamily properties that I use to self-manage (when I lived near them) years back but, now they are professionally managed and my team is in place there.The easiest way for you to expand your portfolio is to most likely invest through syndications.

I've learned it takes a lot of impact with taxes and penalties and better off to move funds to Self-directed IRA.  

Keep in mind also the FHA self sufficiency test for 3-4 unit properties.

Sixth, you don't have any PM fees that will eat at any income (if you choose to self manage).Good luck!

@Colin Williams General consensus is.... if you don’t self manage a STR you won’t make much money.