It can happen so be careful about assuming it can't.

I'd also carefully read the section on how the loss payment is made.

Most health issues with mold are in people that already have pre-existing issues (e.g. asthma) that is worsened by the presence of mold.Does the tenant see mold anywhere?

"Keep in mind there's a highway behind the house," or other things you know they would care about but aren't necessarily in the pictures.

Are you finding the deal, are you managing the deal (filling the units, taking care of the maintenance calls, making sure rent is collected), are you funding the deal or going 50/50 on profits and losses. 

Past that I would consider a DSCR loan that would just care about the property and its rent and not so much that you are self employed.

Like they are POed I don't believe their lies.Late is late, I am not a social worker and don't care why.

Please be careful. 

I would just point out that when you get involved with syndications as a LP, you are basically handing over your money and crossing your fingers that the guys you are hooking up with are honest, fair, and will take care of you well.  

That's fine as long as you are okay with it.I don't really care because I'm not in your market.