Originally Posted by Gunfighter

As much as I like to espouse the benefits of real estate, there can be downsides, especially with syndications. In one particular investment, the group of investors is in the process of removing and replacing the manager. I am working alongside the other investors to get this done as quickly as possible. Being a passive investor in a property isn't always passive. Sometimes you have to take action to protect your investment. The most important thing I will point out about this particular scenario is that all of the investors in this property are educated on the terms of the agreement and we knew going into the deal there was a provision to remove the manager with a majority vote. Check your syndication documents carefully before signing, some offerings make it very difficult to remove the manager. More to come as we continue the remove/replace process...