Out of State Co-GP on a MF Syndication?

[Jacqueline Coombs]

Hi! I am studying to become a General Partner for Syndicating (60-120 unit) apartment deals. I want to begin in Dallas, TX where my MF mentor and mentoring group are based. (Why reinvent the wheel, right?) Anyway, I have received some doubt and concern from a few of my investor friends about being able to effectively GP a deal out of state (I am in Michigan). I am wondering if any other GPs have successfully syndicated deals OOS? I would love to hear your input! Thank you!

I told my friends that my plan is to partner with someone local and plan on flying down there every 60 days or so if needed. Still, they questioned me on what I could really bring to the co-GP table being OOS. Should I be worried about this? Thanks!

(FYI, Neither them nor I have ever syndicated a deal before. Also, I have experience in the SF flip and rental space and experience running small businesses)

Thank you so much! :)