In your opinion what are some of the more subtle variables that really make a syndication deal primarily in the MF asset class but can be applied to others as well a good or bad deal. 

The second one made me scratch my head but there was a guy from San Antonio who politely called you out and said it's obvious you're just looking for private money, and this is a not-subtle way to do it. 

When you join HAPCO, they send you a booklet that explains most if not all of the subtle details that a landlord needs to follow within the City of Philadelphia.

Many states create their own flavor that is more strict.

Or maybe rentals are just not your flavor of "passive" and you can look into performing notes, lending, or something else, or maybe you just want to flip and build capital.

Details matter, and they can be very subtle. 

Self Storage to me is a hybrid of hospitality and retail, with some multifamily thrown in for flavor.  

The Honey Bee, ABC's of Real Estate Investing, Multifamily Millions, How to Legally Raise Private Money, Crushing it In Apartments and CRE, Am I Being Too Subtle, Best Ever Apartment Building Syndication Book.Hope that helps @Chris Salerno, from your profile I'm sure you've read most if not all, but those are some of my recent and older favs!

Uh, I forgot the the third one....I'm hungry now, must have pizza and ice cream and/or pizza-flavored-ice cream.

What I mean by this is if you can earn a 2% spread immediately (buy a 6% cap rate single family and borrow at 4%) with low risk that can be the same financial outcome as taking on a BRRR that takes 3-6 months to remodel with a budget that goes above your initial estimates and then takes another month to rent, etc...Hope this additional information is of value as it is a little different flavor of what most people are doing.