@Shannon CarterHe can set up a self-directed 401k, and they do not have to pay fees (except for the self-directed custodian fees).

A LLC doesn't provide any tax advantages --- with rare exceptions such as electing to be taxed as  C Corp, since it was brought up.Basically, the IRS was nice in not making up another set of forms. 

When we get the update, the targets for monthly distributions AND the sale of the property are estimated at several months away.

As far as a quad, if that is what you are set on, will be tough to find in and around Orlando.

FEMA targeted our area not to be rebuilt so they gave offers on the targeted houses and bought the houses in that area and it is now open land, that was called Blue acres.

You can set it up so it will only accept full payments and have the late fees built in after a certain day of the month.  

Make sure you go with a company that will set up checkbook control so you don't have to pay the high custodian fees and also have the time delay when making investments. 

I've done a little searching, but they only seem price competitive if I had more renta Agreed, most of the platforms have there cost structures set up the same.

We target our rentals for families looking for their own space in a detached SFH, this has kept us mostly immune from MF rent influence.

General metrics we target on our syndication deals:17%+ IRR2X Equity Multiple on 5 year proforma / 3X Equity Multiple on 10 year proformaCash flow on day 1 with opportunity to get to 10% CoC to LP's by year 2-3I would say these are pretty in line with market average targets for syndication deals.You do want to be careful when you see targeted returns that are way above this benchmark.