Quote from @Rud Sev: Hello,I am new to the world of syndication (LP investor) and want to understand how taxes at a high level for syndication as LP before asking individual specific questions to my CPA.Notably, I want to understand how preferred returns/cash flows are taxed, if at all, until the amount invested has been returned.

They need to have enough disposable income to where they are not dependent on a high return, they need to be adventurous, they need to love the idea of owning a property in Costa Rica, and they need to have a very high level of trust in you and your ability to manage a property well in another country.

Real estate investment can be incredibly rewarding, between the cashflow, appreciation, and tax benefits, it truly is the greatest wealth creation tool. 

Simultaneous to that, negotiate price reductions to the greatest extent possible because of this extra cost you are incurring. 

The greatest property tax sale state

That will change in 2H25 in a lot of markets.Expenses:  Leveling off and must be accepted as the new normal. 

The only thing that bests fear is courage and we only need a mustard seed of that to get things going...People often spend money on college and never go in to the field they spent that money on...the greatest lessons and the ones most remembered are learned 'on the job'.Wishing you more good news in the future and an exceptional 2025. 

Greatest financial pitfall when owning a rental property is vacancy time.

The tenant has not been the greatest, one example being late on paying with not always paying the late fees.

Raising rents to market levels is a big deal and hard to do. 2.