In Bridgeport, CT the investment is about 10% of rents collected which frees you from taking resident phone calls, coordinating maintenance, leasing vacancies, accounting P&L's, conducting inspections and making property payments.Owners often times suffer from "death by 100 cuts" when having to handle all of these small items, missing opportunities to achieve bigger goals.

. ($225K total) Passsive Investor A) contributes $100K Passive Investor B) contributes $100KActive Investor (me) contributes $25KNext, I take on the construction loan ($1.85M) to build retail space, enlist the leasing tenants, and conduct a long term re-fi to hold and manage the property.  

I find out whether permits were issued, inspections conducted and the details of what was submitted for the permit.Typically the insurance carrier will prepare a detailed report as to what they have approved to repair. 

Maybe Syndications are different for Partnerships.BUT, as a Sophisticated and Accredited Investor, you should know how to conduct your own due diligence on the history of the Syndicator and the strength of the pro-forma projections and the prospectus.Everything is buyer beware.

Don't be afraid to fire them if they are doing a lousy job, taking too long, not showing up to work, or conducting themselves in an unprofessional manner.

If you do get a cut of the commission in the form of "under the table" by your representation, that is a violation of the code of conduct, and that's called a kickback.

However, commingling is most relevant and necessary when you are conducting a business via business entities.

You have to know about septics really well to get into the bidding or auction: even with contingency on septic inspection it's not so easy to get out of the deal - the inspection can't be conducted when septic haven't been used for a certain time....plus much more issues. 

You can then always offer an incentive, like half off 1st month's rent or lower rental rate for a two year lease instead of one.You could do an open house and conduct a survey of what they think the rental rate should be.OR you could price to rent immediately, and most likely get a larger pool of potential renters to choose from.Here is the Rent-o-meter for your place:https://www.rentometer.com/results/6iSXEfQqfawYou'll notice that the average is $1,929, with rents in that area ranging from $847-$3,011

Must be licensed in the state where they conduct business.The bird dogs biggest problem is to avoid getting a realtor after them.