A syndicate is already an LLC or a LP so I don’t see any added liability protection by having a second entity layer.

Additionally, they may have good cause eviction protection depending on where in upstate NY. 

If you have your own gear, they can't. 

Seems you are new to this- you can get just as good protection by working with an agent or broker and will see more deals through developing that relationship. 

It's like a lease so you are protected if they squat. 

We at 1031CF analyze deals based on the asset type geographical location and it’s economic ability to overcome the upfront expense so that principle can attempt to be protected prior to suggesting any DST.We are licensed advisors but also have over 20 years in the commercial real estate.Again great conversation!

That's a tough question to wrestle with.Remember, parents are doing their best to protect and provide for their kids. 

After talking with others and seeing how robust contracts are supposed to be, I realized that these wholesalers really don't know much about protecting the buyers or sellers, just themselves.  

In advance I'm sure people will ask why I would have it under an LLC for my first property, of course liability protection but the main reason is Taxes, I'm not trying to have the added income from the property be on my personal tax returns.

I don't think either is "more protective" than the other.