The truth is if your investors have no involvement in the operations, If they just put in money and expect to get a profit, you have created a de facto syndication.2) I see a ton of people who just raise money for the syndication. 

why on gods green earth would you want to buy 10k condemed houses :)  seems like a waste of time and money to me.

Quote from @Patrick Wood: I am new to real estate investing. 

Quote from @Aidan Birmingham: Hello, I have been speaking with an investor who would like to partner with me on some future real estate investments.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.You need to get a firm grasp on two things: the ways to make money with real estate, and how to find deals that match your goals.P.S.

Congratulations on your new investment property.Cheers! 

As far as benefit to the seller goes, @Matthew Paul I think you are probably right on the money and regardless of whether they would have preferred to stay in this house rather than move, it is likely providing them some excellent cash flow; and I'd be hard-pressed to come up with a deal that serves both parties better than the current situation. 

That means that unless your state allows you to just keep their money you have to try to re-rent the house.

I lend Hard Money, Fix n Flip, DSCR, and Bridge mainly on the investor side.

At that value, you'll make the money back on resale, if not also on the appraisal.