Run the risk/reward on it.

That said, maybe I'm being too charitable.

That's $167/month in capex reserves -- and that's if you're holding the property in a decade.ADUs are most needed, and most financially rewarding, in CA's high-density cities.Love your posts, by the way!

It's a path paved with opportunities, challenges, and the promise of substantial rewards.

This is similar as you note to equities and dividends.I think for me, the question Syndication v Equity investments is not so much about tax treatment  but rather risk and reward, stability v volatility, etc.I think picking the best investment that fits one’s needs and risk tolerance levels is primary and then the tax issues come next.

These are of course a bit higher risk, but also have much higher reward potential.

All in all, I feel like my personal risk/reward is pretty high and I can stomach a drop in my net worth well, recover completely, and make it out ok.

Not sure of any resources but here's my take as an active property manager.Lower end properties are famous for higher rewards but are infamous for higher risks!  

Yes, it is hard work and higher risk, but also a higher reward.

This is a high risk/high reward venture and the flipping shows make it all seem so fun and easy.