This year I helped 5 tenants become first-time home buyers which was both super fun and emotionally rewarding, plus added multiple six figures to my bottom line without spending a penny on lead generation or bothering with any marketing.

I used personal funds.

Option 1 - pay off debt and earn 8.75% returnOption 2 - buy another property and earn X.X%Option 3 - invest in stock market and earn 8-10% (non-starter...more risk and same return as Option 1)Return for option 2 vs 8.75% is your reward for executing option 2. 

That owner will naturally outwork the manager—because they're doing management work plus operational work.The regulation rewards actual effort, not manufactured participation.You can't be passive in reality and active for tax purposes.

This structure ensured the project moved forward without financial pressure or personal capital risk.How did you add value to the deal?

I've invested since 2008, and after building my personal portfolio to a solid place have decided to focus my team on helping others do the same.  

Section 8 rentals don’t reward pretty.

Wishing you the best of luck on your real estate adventure; may it be both rewarding and fulfilling!

.: Quote from @Henry Lazerow: I don’t get the point of investing in syndications especially when do not personally know the sponsor, it’s like trying to pick individual stocks which is proven to be a losing game from a risk to reward viewpoint.

Real estate is definitely a business with risks and rewards.