The tax assessment values the property at $56,000, but, on the contrary, I find tax assessments tend to be conservative.

If a single deal works out at this scale, the family has problems like estate tax transfer limits ($13M per child) to think through.Further, as long as the funds/deals are separate from one another, the one that does go well instantly makes the syndicator an "expert" in that specific strategy or market, which then attracts the next 500K social media followers. 

Liens that remain generally are unpaid taxes, and involuntary liens including but not limited to code enforcement, unregistered permits, unpaid utilities, etc 

Current House - Hacker on a Triplex,  still a DINK (Double Income No Kids.. for now) purchased off the MLS during COVID.

You could write a simple statement and have all parties sign and date:"Landlord and Tenant agree to extend this lease with a new termination date of June 30, 2025."

You also are welcome to do your own plumbing, taxes, legal work, electrical work, landscaping, etc. 

Property taxes are good, when comparing to California, (we are from San Diego)

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

I prefer holding a rental to mitigate capital gains taxes after a few years of holding.

o Full doc (pay stubs, taxes, personal DTI) or light doc (asset-based, DSCR)?