Congrats and good luck.I'd recommend against a syndication on a deal this size because you can expect the costs to be $10K+, which means you are giving up a large % of your profit to legal fees.

Additionally, many deals tend to fly under the radar, so networking within organizations like NARPM (National Association of Residential Property Managers) can help uncover opportunities.If anyone reading this is considering selling their property management company in Texas, feel free to share—I’m genuinely interested in connecting.

Some clients are satisfied to break even in this price range.

What made you interested in investing in this type of deal?

This would be my first JV and am open to any advice suggestions on the best way to proceed.  

It sounds like this didn't happen because for the 2 days it was unlivable you found and paid for a place for them.

Investors who own this kind of product elsewhere in the country are also welcomed to chime in, as I'm sure everyone is experiencing these issues to some extent.The biggest pain point I have been having with my underwriting on this asset type is insurance.

Be happy to chat more about this anytime:-)

Would you recommend for me to post this property for sale as an owner?

This is a business after all.Maybe keep her on a month to month so you can increase accordingly later.