Not an expert on this topic but the best success stories I've seen involved situations where the underlying business was done by a separate entity/experts who knew how to properly run the business. 

@Michele Redd I think yes, a good broker in the area will help you properly position it.

Depending on where your property is you could send a notice of non renewal with the proper notice period-30 or 60 days.

This property is off of 55th, north of State Ave.Goal is simple:  buy discounted properties, turn them around through proper management and capital investment, thereby forcing appreciation and creating steady cash-flow. 

My architect actually coordinated this so I don't know who they used but I've used this company in the past.

When done honestly and properly, syndication can be a great way to create and preserve wealth via passive income. 

We've included the link for more information: (link)If you are still worried of not being able to pay next month's rent or any future rents and have exhausted all your options through borrowing from family members or other, we ask that you please send us an email prior to the rent's due date explaining your situation along with proper documentation.

So anyone who owns them that hasn’t properly prepared with cash reserves will hurt the most immediately.  

I am coordinating the repairs, sometimes doing them myself, and actively managing everything that comes up.

I've been doing my taxes this way for a few years and I always feel uncertain if I'm do cost basis and depreciation schedules properly.