Enjoy!

My team and I are traveling next week to meet contractors; look at land for hotel development on the beach side. 

Solid 2-4 unit properties are so scarce in these areas (~21 sales in last 12 mo between the 2), the market simply doesn't allow a buyer with a low downpayment to enjoy any "income" out of the gate.

@Melissa Thompson I've never heard of this company but you should be able to verify wiring instructions over the phone and I'd never wire money to a different entity than the one on the contract, or anyone who I can't verify several different ways.

There are three items required to make a successful partnership - Time, Experience, Capital.If you are a syndicator, you are likely expected to have time and experience.There is a lot that goes into being a competent syndicator - Proper communications, finding a good deal, communicating quarterly updates, networking with lenders, contractors, PM companies.You can gain experience by doing your own deals or working for someone who does(Ideally both).I personally think you should cement your experience before worrying about OPM.Best of luck

Bonus points if they can refer you to reputable contractors in the area. 

Now that I found out about my property I just had to take down from mls, I decided to bring that contractor through this one.

So - As a PM I do free property analyses for people who are current owners or are people under contract or even just see one that catches their eye. 

I'm a general contractor and only do network marketing so I could help you out on a few things.  

One of the 2 things will happen after you try that for 2 or 3 years:  you are really good and make a lot of money and have a track record to attract other property owners to do arbitrage with you (that's what happened between us and the guy we are about to sign a contract with), or you are not very good or you don't really enjoy doing it, so you either sell the property or let other people manage them.