They'll typically handle everything from leasing to maintenance to evictions which will allow you to devote more of your time to building capital and continue investing.

Honestly, I would sell it now while there are still an endless supply of foolish newbie investors out there that have the capital to throw around $2M with no underwriting skills and assume they'll cashflow based on bad advice from realtors and youtubers.Eventually once everyone starts wisening up to these investment-only properties being a negative investment, prices will start falling and you might lose that equity. 

I'm trying to buy, fix, and rent real estate and created an LLC with my partner who is putting up most of the capital but he will not handle operations at all.

You take all of these steps and then set out on the mission of raising capital.

They also have tools for on boarding investors.There are property managements softwares to help with property/asset management.There are CRMs that help with capital raising and investor automations.I would not focus on automation right now, but on the business of multifamily.

.- I don't need to put up as much upfront equity as I would need to for doing it myself and I can use that capital across multiple deals.- Pricing 'should' be better from the perspective of fees, contractors, rates, etc. that the sponsor gets vs. me as a solo investor.- I don't care if the investment is less liquid vs. an ETF or REIT and I would aim to hold it for 5+ years at the bare minimum.Some other questions I had and would appreciate any advice:- Is an average minimum of 12-15% irr reasonable for syndicated deals ($10mm - $100mm) with an experienced sponsor?

As illustrated in the diagram above, the investment city determines crucial factors: rents outpacing inflation, acquiring multiple properties with minimal capital, and the longevity of your rental income.

I do not have the capital at the moment to invest into any type of real estate but i am starting a new job in August and want to develop a plan, therefore i can jump in and execute when I have the available capital. 

In addition you need to budget for maintenance/repair, capital expenses, and also to cover the vacancy/turnover the next time a tenant leaves you.

Adjust cost basis - Is the purchase price, plus capital improvements, minus depreciation.