What's it really like to be a commercial MF syndicator? Will I be sorry I tried?

[Lisa Burns]

I'm an experienced entrepreneur, but new to real estate investing (no deals under my belt yet apart from my own home). I want to replace my income within a reasonable timeframe, so I'm looking at a syndication mentorship with a "guru" who claims I'll close my first syndication deal on a commercial multi-family property within 6 to 12 months. I know the whole mentoring space is full of charlatans and "those who can't, teach," but I've done my due diligence and this outfit has legitimate results, so I'm comfortable moving ahead.

What I'm struggling with is if I actually want to own or be responsible for a large apartment complex. I mean, once the deal is inked, then I'll be in charge of a syndication and contractually bound to certain things, and even with good property management in place, I assume there will be some headaches (especially as a newbie). My "guru" has shared some thoughts on that, but I'm interested in additional opinions.

I'm not afraid of hard work, but I'd appreciate any thoughts on what I need to be prepared for if I head down this road, as well as opinions on the risks I'm signing up for. Any and all thoughts are welcome, including wet blankets if need be.

Thanks in advance!