You dont need to worry about the loan or have a "team" (other than a good sponsor group).

It is possible that your sponsoring broker could already have an agreement with certain pm's.If an agent is the procures a qualified tenant that ultimately signs a lease, we split the tenant placement fee.  

Their sponsor is their employer and they have been very upfront with getting me all of the information I need.

Low time commitment: The sponsor handles all the day-to-day work.Lower risk: Investors can leverage the sponsor's experience to avoid costly mistakes.Economy of Scale: Sponsors tend to buy larger properties.

Some sponsors report gross (or project level) numbers that would then be reduced by fees and carried interest.  

If a sponsor doesn't take the effort to make a good impression with a well thought out offering package, I have to assume they will also be lackadaisical in their operations, they won't care about getting K-1s out on time, etc.But, what you said is also true: I have seen some very slick marketing materials that I will never invest in.  

You can check on verified sponsors/syndicators at https://verivest.com/.

On bigger deals, they will want you to have a key sponsor and this person will need to sign on the loan.

I have a non-recourse term sheet from a lender that is requiring me to get a co-sponsor to meet the net worth requirement. 

It seems that we can't find any company to insure this yet, so will definitely do research regarding state sponsored insurance.