All homes will cash flow at least 40k-60k per year in popular Airbnb location. 

To me, owning rentals directly was more work to manage my manager than it was to manage the rentals (and I was making less money due to management fee and inflated repair costs).Syndications: you need to know how to really read people, read financial statements, and understand many of the risks of real estate.  

Let’s say we’re shooting for $50k tax saving per year. 

I was looking into SFH or small Multifamily and have been looking into Philadelphia and it seems not so Landlord friendly per the (landlord tenant laws and asking around)  Many areas are over priced (i.e.

Some ground up construction projects and major renovations can save you as much as $5 to $15 per square foot when you consider the benefits of ECO construction methods.

In most cases, the owner/possible seller would want an option fee paid up front to entice them to entering into the option to purchase agreement, so assuming that is the case, would enter into the agreement with a pretty firm plan to purchase and not lose that option fee. 

Realtors can compete on commissions, or even offer a flat fee transactional rate for service. 

Then they continue to just flat rate charge us a fee for the water which for a typical residence 3/2 house is about $1400 per year for all the water you can use.

You also have access to the co-op's financials, board meeting minutes, etc. before you decide to pull the trigger. 

I'm looking for a BUY & HOLD investment in the amount of 100,000K per property.