Seems to me the play today is simply be a preferred equity investor. 

interest rates appreciation and rent growth play a huge roll in brrrr and housing hacking 

Both GC's work on distressed properties so are hedging playing it safe as I just asked them for budgetary numbers to help determine if I should do this deal or not.I do have 10%+ in cash reserves already.

Its a product we offer, just doesn't get a lot of play, because its a pain to refinance that seller out down the road.

Part of this is a diversification play. 

You can't just start a syndication as a GP with no background in investing so I don't know your play here.

We’ll see in 24 mo if my strategy plays out.

Don’t want it to sound like a threat of some “finger wagging” or “slap on the wrist”

The sad truth is most in the BP community believe the horrible deal with favorable seller financing where zero out of pocket is required is a better real estate play than the great deal that requires traditional financing.

I realize there are a lot of variables at play during turnovers, such as:- What was the condition prior to tenant move-in and what is the condition after move-out?