My first apartment syndication due diligence walk through!

So today was a lot of fun! I was able to meet up with an apartment syndicator in San Antonio to do a due diligence walk through of the property. This meant that we got to walk through every single unit on the property (there were 200). 

We split up in teams of three. I was partnered with one of his property managers and a maintenance worker who had keys to the units. Our job was to make sure the appliances were all the same color as well as to see anything above and beyond a normal "make ready". This would include water damage, broken tubs, water leaks etc.

Once we got our system down it only took about 3 minutes to go through each unit. Most of the units were in decent shape with some of them being really nice. A lot of the tenants were nice and many people were home (I'm assuming because it was Good Friday).

I got to talk to some other investors and it was interesting to hear their multifamily plans and ideas. But my favorite part was getting to talk to the syndicators themselves. Seeing the problems and solutions from their point of view was really interesting and educational. 

I'm pretty sure I will be investing in this deal and I'd like to be involved in the process as much as possible without being annoying. I'm not sure if my future lies in being a syndicator myself but so far it seems very appealing so I'm going to keep moving forward.