Lawyer review when investing as limited partner?

[Steven Rogers]

Hello, I'm considering investing in a syndicate as a limited partner. The syndicate isnt too big, ~20-30 people for ~$6 million property.

I've received and reviewed all of the documents - the PPM, company agreement, etc, and it seems OK.

One question I had though, is how common is it for people to have a lawyer review the documents more in depth? Is there much value in it? My impression is, for a syndicate, the managers are basically in control and you have to trust them to do the right thing - and outside of a lawyer just telling me what the docs say, I dont know if there is much protection or help they could provide.

Thoughts?