I would shop this out and get some other quotes.

It is true that home prices have never been higher, but this also means most homeowners have more equity in their homes than ever.

This is true in Ohio as to residential owner occupied but not commercial.

It almost seems...well...too good to be true hence the ask "does this make sense"Any thoughts or your take on the deal would be so awesome.  

Milwaukee is where deals come true!!!

I know none of this answers your question of 506(b) syndicators that I have had a good experience with, but I hope it does point out that these exemptions are typically not what is holding people back.The bigger question, and likely the one you are really getting at, how do you find the true operators, and not just the savvy marketer?  

Since he's a one person shop (along with a super), he refinanced his 3 million dollar property and the bank required him to hire a property management company. 

I've accumulated a bit of capital and I'm trying to figure out the best way to appreciate on it; and real estate always struck me as a good option—a true classic.I'm from Europe, but I don't really feel location tied in terms of investments—I wonder actually, do many of you do business internationally?

Months had gone by and no work was being done and he kept blaming the city for staling the permit, which I later found out was not true. 

It is rural and 30 minutes outside of a major city, however, it does have a 20x30 shop that a tenant under the right circumstances might find desirable.