Also, they have a lot of properties in them which is good for diversification (although there are also some crowdfunding/syndication deals that do too).However, their size is also a weakness because they have to compete against all the other huge REITs and together they tend to bid up the prices that they all have to pay.

What we tell our investors is look at your strengths and weaknesses.

Prices have been pushed up by the equity funds making the returns pretty weak.

Your family is too weak to deal with them, eliminate that weakness by eliminating the interaction.Have them talk to the lawyer only.My opinion.  

Lots of weak posts, but I don't see her pitching anything to anyone (yet).

Actually came here for a PhD program (WashU) but ran into chronic medical problems and sort of fell into RE as a result.

Emotions are a sign of weakness and inappropriate in business.

So if you have an LLC in a weak asset protection LLC state like LA, by having this LLC owned by a holding in a strong state like WY, and you in turn owning the WY holding LLC, if you have an outside liablity claim, the risk stops at the charging order of the WY LLC.

Well, one of the syndications sold for a pretty weak gain, less than the guaranteed 4% return I would have made by simply paying off that debt.

This lines up closely to my first bullet above - without education and knowing your strengths and weaknesses it will be difficult to select the best fit.Best of luck!