No agent wants to deliver a low-ball offer (<90%).

Eventually, before closing, you will need to "disclose it" to them, but it's very possible to do so in a way that they won't even care; it will be a technicality to them, and nothing more, because you've done an excellent job delivering them the exact solution they needed, and they trust you. 

They’re pretty low cost and I’ve never had them fail to deliver. 

The last meal you ate, I bet that restaurant made a profit on delivering you a service which is to prepare and present you quality food.  

The great thing about partnerships is that it is upto the partners to set the profit and loss ratio's.Something to take into account is each person's specialty and skillset to the partnership.If you have experience or a proven track record of delivering a return for investors - you can demand a higher profit percentage.As Jeff suggested - Please have an Attorney look over the partnership agreement.

In the contract I also requested for the duplex to be delivered vacant which the owner obliged.After closing:With a few repairs and touchups, both the front and the back house could have been rented out for market rents.

Goal per my brokerage training is to build rapport and deliver a FSBO guide that explains why they need an agent.

if you are near the end of the lease for the tenant you can list it with seller notes saying currently occupied and will be delivered vacant by end of escrow and make sure to give the proper notice to the tenant that you will not be renewing it

You may want to do all the admin work behind syndicating a deal(working with accountants, delivering K-1's, answering Investor questions, possible audit reports, etc).

I just think the term is thrown around as a noun when it's a strategy.