As an LP you won't typically have control in a syndicated deal, just like you don't have control when you invest in the stock market.  

A three-bedroom in a typical suburban neighborhood, nothing flashy.

Lenders do not typically care about long term value they just look at getting paid while they have the loan.If you buy DG or Dollar Tree stick to strong suburban towns to urban core where dirt has value long term.

In my experience, the lender should be charging enough on the front end to cover the lender's margin and well as the cost of the in-house originator/LO commission on the deal, which is typically at least a point to the originator/LO.

Yep that's typically one of the biggest issues a lot of self-employed people run into but not uncommon. 

Typically these city's have unfriendly landlord laws, long evictions tenant rights that encourage bad behavior.  

Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

StephenNot sure I understand your question but I’ll outline the typical procedure.I assume you’re referring to syndications?  

Currently a low barrier to entry for STRs and within an hour of the airport - visitors find a plethora of recreational activities and temperatures typically 20-30 degrees cooler!