My simple math suggests that you probably have to shell out $600k in cash (25% down + furnishing, travel, and make ready costs) for the privilege of losing $1,000-$5,000 per month.

But honestly, you have nothing to lose by reaching out.

If you don't know the dynamics in an urban area, then you are likely to lose money.  

I would wait to start that new venture you mentioned and see how that goes because last thing you want to do is get yourself in a situation where you lose everything.

Not sure who you could talk into doing this.. you lose all control..

Make no mistake: syndications are highly speculative investments in a PROMOTER with limited upside, but the very real chance of losing your entire principal that are suitable ONLY for highly-experienced investors who understand the risk level and what it means to have no access to your capital once invested for 5 or more years after the investment.

Just wait until a sec 8 tenant fails to recertify or loses voucher and you need to evict these people who have barely any money/credit to find another place.

It all works out well when the market is going up and investors are getting paid, but when the market softens and investors lose money, the complaints and lawsuits come in and the dominoes fall. 

I also see where you’re coming from regarding the no state income tax—it can sound great, but when property taxes offset any savings, it loses appeal fast.

I'm sure the people that felt they were losing chances at money started crying, real estate brokers, stock brokers, business brokers, lawyers and they had their lobbyist go to work at various capitols passing laws to steer the money back to them.