So I feel it's not a fit for everyone.

Dirty clothes all over the place.

I explained what the person was doing to him, but unfortunately the property turned out not to be a good fit for me or I would have purchased it from him directly. 

You don't need to ask someone to connect and see if it's a fit.

Two syndications with 12% return, great management track records, everything the same except the deal itself.Everyone above has given you a good breadth of concepts, so these fit your concept of passive?  

I have been able to find deals in the current market using the BP calculator that fit my buy box, but when I see that homes in that area are estimated to be ~30% overpriced and am watching in real time prices drop it leaves me unsure what to do.

Quote from @Becca F.: It's now 2 weeks later since the last comment.

., so only you can decide what fits your budget and your lifestyle best.  

Once we have agreement in principle we then have our attorney draw up something formally that the seller can share with his/her attorney if they see fit.  

The seller was motivated to sell, allowing us to negotiate terms that fit our strategy.