Zillow seems to do minimal verification of information provided and that just isn't good enough.Your situation does seem strange though. 

Seems to be on its way up. 

And its not replacing loans, but its an alternative that makes funds cheaper and faster to get, all in platform's ecosystem with investors desperate for new properties, buying tokens like bread.Huh, that's weird Richard because you opened this post that you just "found" this and were asking about it.....But you seem to respond as if your SELLING this.... 

Our actual carriers used to be Secura, but they seem to be getting out of a lot of insurance lines or pricing so high as to have customers drop off, and we just moved policies in Nov. to Hanover Insurance. 

Or is it as straightforward as buying the multifamily property, putting it under an LLC, and then registering that LLC in your state as well?

It seemed that just having some kind of communication back to the resident right away was better than them leaving a voicemail.

Admittedly, they seem a bit sketchy,My question would be, for a person such as my self, how does one go about vetting these syndicates?  

That comment also seemed to imply that you don't report the rental on Schedule E if you have an LLC, but that's not correct, with a single member LLC it still goes on Schedule E."

Seems like a very strict penalty if this is not followed through.The CTA provides that willfully reporting or attempting to report false or fraudulent beneficial ownership, or willfully failing to report or make updates to the reported data shall be punished with a civil penalty of up to $500/day while the violation continues (up to $10,000) and a criminal penalty of up to two years in prison. 

.- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.