This motivation lead me and a business partner to start Raise the Standard Property Management.

The Hilltop Mall (standard shopping mall, Macys, JC Penny, escalators, if you were alive in the 90s you know),  in Richmond CA was purchased in 2021, but the buyers aren't doing any of our brilliant peanut gallery suggestions.

The sponsor is likely suggesting that your monthly cash-flow will be shielded by depreciation and you will likely see your 'tax hit' when the syndication disolves which in industry standards is likely 5 to 7 years.

Reason why is because FDIC Bankers "Do Not" charge points on traditional programs like primary homes, standard investment purchase and refinance, Second home/vacation homes.Lenders, Brokers all charge points to meet their Loan officer compensation plan (commission).

Is this standard for most major property management companies.

I would look for an experienced agent of my own who understands what is standard for your market.

I have a call scheduled with someone on his team for Monday & hopefully that gives a little better direction / insight into best practices for new members.  

All well and good to dream big, but you need to understand the practicalities and probabilities of getting the deal to closing. 

Here is the key: Don't pay for anything until it's done to your standard.

I know a lot about the industry through my education, but have very little/no practical experience when it comes to managing investment properties.