Does anyone have any experience investing in a TIC (Tenant-in-Common)?

Was it as easy as it looks, essentially meaning you just get paid the percentage they say? It seems like a an easy way to get 10% cash return with some growth on your money AND all the tax advantages of real estate for relatively low risk.

I guess I am speaking more along the lines of the large TIC operators. I am looking at a TIC offering where the investors put up a minimum of $200,000 each (of 1031 money) and the TIC is a partnership with 19 investors and the 20th being the operator. The property is a large office complex. The offering pays each owner 10% cash (paid monthly) with 2% appreaciation with a buyout in 3 years. It seems like a safe nice deal with decent returns and as I said, all the tax advantages of owing it myself. Also, I am protected by being in an LLC and won't ever have to see the other investors.

A TIC is merely a real estate title held by multiple parties. I don't understand how you expect to get a 10% cash return...is this some sort of investment scheme that uses a TIC?

A co-worker of mine entered into a TIC when the apartment she lived in (it was a house with 3 flats) was sold to the three tenants. They purchased the house as a TIC, and all were parties on a single mortgage (but paid different amounts since the value of their flats were different -- this was in the mortgage contract). The good aspect of the TIC was that my coworker was able to purchase property in San Francisco, and later sell it for a profit. The bad aspects were that she was partners with her annoying neighbors and they had to have meetings all the time when one of the tenants was late on his mortgage payment or they needed building-wide repairs.