I declined to invest because of their relative inexperience and my concerns about maintenance and CapEx costs hurting returns on $30-40K rental homes.  

I'm leaning towards the latter.Here's where the inexperience shines through as well - I'm not sure what our options are regarding cutting him loose.  

I am new to the forum so please excuse my inexperience.

Also please forgive my inexperience, I'm just kind of throwing things out from what I read from books or listening to podcast.

From what I see written in reply, the biggest risks are:1) the syndicator themself (crooks, inexperience)2) being over-leveraged and in a worst-case scenario not being able to pay the debt (or having to pay $15k out of pocket)Market trends, end of cycles, even serious downturns at a macroeconomic level can cause LPs to lose money, but I think it still comes down to the above.

Clear bias in print, or maybe just inexperience on your part.

I would love to hear advice from anyone who has been in a similar position, any other financing options I may be missing because of inexperience or generally chat about international real estate.

Yep, I guess I was showing my inexperience with the end buyer language, just used it as an easier way to ask what parameters you set around your wholesaling! 

However, as you grow in experience as stated by another member if you build a solid team out of state, it then becomes less of a risk.

But in my eyes, you would buy 10 houses with $40k down ($120-$150k each), keeping $200k to compensate for your inexperience and weather any changes.