And again in high priced markets that can be 5 to 20k or more with just forwarded e mails its pretty significant money by using the business one has built.. but I get it if your only doing a deal or two a year. 

Quote from @Cory E.: Hey Austin,Happy to connect with you.

Secondly, there are fundamentally different categories of operators in this space.

https://docs.google.com/forms/d/e/1FAIpQLSe5oMO0c86LbW1zA9eUisPqU2akdtm3cV5tNnJ-JcVFA8GLEA/viewform?

Potentially I get the appreciation (look at Item (h.) below)e.

We would both be on title as joint owners.I'd report 100% of the rental income on my schedule E including depreciation for my 50% using my basis and my dad's 50% using his basis (until I eventually inherit his 50% and get a step-up in his basis.)Isn't my actual ROI (cash flow + appreciation + annual tax depreciation) actually much higher than $1,200/year?

Quote from @Dennis E.: I have done all those things. 

That means you can learn the fundamentals, start small with a single rental or duplex and then evaluate syndications with real operational context.You’re entering from a strong position - take your time, stay conservative, and the compounding will do its work.Always happy to chat more about what's worked for other investors.

Apple is a 31 P/E, to put it into context. 

I had to follow up every e-mail multiple times, and would not hear back for days, if not weeks.