Steven, I work at PERE Firm here based in Jacksonville, FL- I would be interested to connect and speak more about you MF opportunities- your goals, where we could possibly partner/work together- I am a senior associate in acquisitions/dispositions and look at MF deals daily.

Do you want to work all day sourcing property and managing rehabs, acquisitions, financing, dispositions, and tenants/toilets/trash?  

A City abatement was issued to clean up the property and was ignored so the city went ahead and cleaned it up, Q-In a STEP By STEP approach - How would you go about finding out IF they have a will, who might be some of their heirs, and or locate someonewho would be in a position to help and has the capacity to enter into an agreement for the sale or Disposition of the property ?

Limitations exist for loss deduction and there is a potential for two layers of tax upon disposition.

I do dispositions for a local investment group in Tennessee.

Although, @Eric Johnson is absolutely right, you must have a solid understanding of the entire multifamily process, acquisition all the way through disposition, in order to ask the right questions and effectively vet syndicators.  

New passive investors should note fees like the Disposition fee for example.

The following disposition of the case is irrelevant as to its public exposure.

Some turn-keys, blogs and gurus use this technique to draw in new investors who don't understand the true costs yet.Important point, how bout we expand the OP's question past purchase analysis and accounting style, into the disposition stage. 

Let’s say a real estate private equity firm like Cardone Capital, MLG Capital etc sets up their deals like this:8% preferred return, 1% acquisition fee, 1% asset management fee on revenues,1% disposition fee and a 70/30 profit split.