I like the class functions they you could segregate costs by unit, building, and even geographic locations, such as NY vs MA, through the use of classes, subclasses, down 10 levels.At the same time, I also did accounting on the side for a government funded non profit that that I use classes to segregate funding sources.

We still were able to net a healthy profit, however.

I would like to network and potentially partner with some other investors in the LI market.My long term goals are to take the flipping profits, quit my full-time job, and buy more rentals in Florida and St.

It's easy to make a profit til the one mistake eats all of it, and that is just foolish when  mentor might mitigate that expense. 

You, on the other hand, by being a Manager-Member, owns 19% of the LLC.The LLC then invests in the syndicated deal and the members get a pro-rated portion of the profits/distributions from the syndicated investment.As always have a lawyer in your state ensure you're doing this the right way.

Can someone help me figure out if i will profit or run into a loss

Rent it out so some of my profit can go towards my personal home.

This is one thing I would think you would want to set clear expectations around well before purchasing so that you don't have to give up profits or vice versa feel like the bad guy down the road for telling relatives they can't use your beach house.All in all though I am in agreeance with others try to find anyway possible to make this happen as I have strong feeling you will never regret it.

We're due for a shift in that trend, in which case, if you get stuck with a property that doesn't cash flow you're going to 1: not make any sort of appreciation profit for a long time bc you bought at a peak2: enjoy negative cash flow while you're not making your appreciation money, or possibly losing more money to depreciation.

Anyways, I am in the process of selling my grandparents home; and will split the profits with my uncle, which should leave me with roughly $130k (completely grateful for this) that I am looking to invest with (and would complete love to get out of this renting situation, and into our first home with!).