• 4 apartments renovated just 8 weeks post-closing after buying out existing leases• $33K per unit renovation, achieving 27% ROI• Legacy tenant rents increased 10-20%• $148K capital investment generated 50-60% rental increases• Professionalized property management added What was the outcome?

What was the outcome?

Kitchen/bathroom & back porch addition What was the outcome?

What was the outcome?

This proved to be another amazing turn of fortune since not only was this general contractor able to complete the work at a fair market value; the work itself was extremely high quality and we couldn't have been happier with the outcome.

• 4 apartments renovated just 8 weeks post-closing after buying out existing leases• $33K per unit renovation, achieving 27% ROI• Legacy tenant rents increased 10-20%• $148K capital investment generated 50-60% rental increases• Professionalized property management added What was the outcome?

They way things are communicated or how they are executed can have disastrous outcomes. 

The Buyer Agency Agreement (BAA), Buyer Agency Fee (BAF) or Buyer Agency Compensation (BAC) (however its called in your part of the country) cannot be displayed on MLS websites.

If you don't want to invest the time to learn and are trying to offload it to a PM with the idea that you will learn from them, I'm not sure you will be too happy with the outcome unless you get lucky. 

Since you are discussing syndication, it is likely a passive investment to you.Whether the loss is ordinary or capital will depend on the type of investment and the positions taken by the partnership and will be displayed on the K-1.There are further things to consider such as whether the K-1 is fully disposed of or not.