It is the lack of employment that concerns me. 

The "spectre" of lack of information usually gives people pause...Hope that helps give you some perspective. 

The main challenge I observed is that individuals often lack a clear end goal or strategy, or they select a market that doesn't align with their chosen strategy.

I personally don't like syndications because you lack control as an investor.

I’ve been out of the real estate market for a few years due to the lack of inventory and crazy prices but something came for sale yesterday that intrigued me.

As elections get closer we will likely see consumer confidence start to become more uncertain due to the political climate and then resume again after elections are finalized.ibuyers and hedge funds are also ramping up acquisitions which is further pushing demand and lack of affordability.If/when the Feds do lower rates we will see a temporary improvement in affordability, however we do expect that small window to close quickly as lower rates will bring a lot of pent up demand back into the market which will push home values higher and cause affordability to worsen.With all factors considered here in the local Las Vegas and Henderson market we are encouraging buyers to buy sooner rather than later while they can get lower prices and seller concessions and then if needed refi later when rates come down and they have more equity.

To your point, someone may be experienced in deal sourcing, underwriting, and management, but lack the charisma or extensive network to raise multiple millions at once.

Keep in mind, that the combination of energy efficiency and cost effective design, should not cost more to build than the lack thereof. 

Aside from lower transaction costs and lack of full title insurance, what are the pros and cons of this technique?

There still seems to be demand and lack of inventory, which is holding the market up.