The key is to understand how to underwrite a syndication structured deal.GP/LP splits, acquisition fees, asset management fees, refi/sale periods..among many other things that vary when underwriting a syndication deal vs traditional purchase.Happy to share my model for underwriting these deals if you want to shoot me a DM.

They do kind of the same model. 

But, I digress.What additional items, value I got out of the program:Community, community, communityGreat friends and business partnersThis is not unique to Subto, as seen here in BP.

Government will inspect your property annually and most always find some items they will require you to repair.4.

I'm willing to seller finance 3 former model homes, with clean titles, no structural issues, turnkey investments that are fully paid for, in a sought after area. 

For example, if an investor wants to rehab a house and net at least $18,000 after accounting for factors such as holding costs, closing costs, and real estate agent commissions, other models are a viable alternative to the 70% “rule.”Is the 70% Rule a Good Guideline?

I expect you are aware of various mistakes without the need for them to be itemized and will do better next time.  

While introducing our business model to the members on the table, a very established broker was shocked what we were doing (assignment of contract).

I agree with Jonathan--most of these items will take place once you are under contract.

I look at every single item in the pro forma and imagine that it is complete BS, and see if I can challenge it.