No draws buy it sell it make the money..

Money is money.

Then we'd make no money at all. 

I also have some capital to contribute.Could someone explain how syndications are typically structured, and how are people using Other People's Money (OPM) to build large portfolios with little to no money down?

The interest that it does accrue is money you don't lose, but rather it does go back into your investments. 

I will not have a full time job until this comes, so I wont be able to show much income other than part time money flowing in, until I start this position.

@Dean Hendricks not understanding why your lender would allow you to spend money without having verified you have the cash to close?

It would be a tight budget but I do have money set aside for repairs.

Plus, if the property is in a desirable location, you may have little trouble finding tenants.However, there are potential cons to be mindful of.

Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.