What draws you to multi-family specifically?

Honestly what I started doing more is use chatgpt to get a better idea of where to search or specific sites.

In California, is it required that you use the C.A.R. purchase and sale form specifically?

But getting professional advice will help you navigate any specifics.

Are there specific factors or trends you would suggest evaluating to make a more informed decision?

The borrowers could be paying their mortgage to scottsdale or scottsdale most likely sold the loans - when you invest in a syndication you have rights to manage the specific assets unless he gets a court order which there are also many other investors involved. 

Others will have more specifics to share.  

@Pete Tarinthere could be tax benefits - you might be eligible for passive losses, but it would be specific to your situation. 

For example, for rental properties, lots of the categorization depends on the REI's specific tax strategy regarding what we're capitalizing versus what we're immediately deducting.

Once the option period is up, cancellation would only be for items specifically named as contingencies, such as financing.