Unfortunately (and especially true for unique properties) appraisals are very subjective in nature. 

Ask for the details on this unique, "as is", turn around deal.

There are General Partners (who manage the investment and make most decisions) and Limited Partners (who invest passively and typically have very little decision-making rights).Syndication is not unique to real estate.

Replaced all the flooring, remodeled the bathroom, fixed the fence, and got the bad neighbors to leave.What was the outcome?

And definitely not some magic pill to investing in RE on easy mode.Buying a new community with 300-500 new builds but no unique-ness is just buying into a saturated set up.

What was the outcome?

What was the outcome?

They're either buying something really unique that can still cash flow well, or they are second-home buyers looking to have their slice of Colorado heaven and offset their mortgage anyway they can -- STRs on Airbnb and VRBO, while not as good as past years, are still one of the better ways to do that.I do have a few STR clients who are looking to sell because the numbers have slowed or they've tired of the game, but most are just holding tight.

It's part of my personality to function systematically, observing both sides of the coin, and come to a consensus knowing the potential outcomes with it's risks.

Agents will sell based on creating an emotional connection and not a guaranteed better outcome.