ROE is good to calculate over time but in high appreciation markets like SD will sometimes be tough to swallow. 

Does anyone own or have specific experience in this market? 

Understanding the Lease Agreements: There is no lease agreement currently in place, and the tenant is paying about $400 lower then current market rent.

Market Appreciation is where you will make the most money over a 10-year period but is the least predictable. 

You'll need at least 50 doors in a good market and that takes time. 

Boston is always going to be one of the strongest markets in America.

No I bought them on the secondary market.

. :)I couldn't resist.As Jonathan noted, whenever anyone says "I want to invest in syndications" it is opening yourself up to being spammed by every possible capital raiser that lurks on these forums, proven or otherwise.Not being accredited does not stop you from buying property directly (you likely knew this) or from investing in the stock market into various real estate deals.  

You need market research and understanding of the numbers otherwise you build nothing.

I want to do both cold calling and sms texts to find off market properties that i can wholesale.