I do not have any experience with this size syndication (this is smaller than any I have ever inspected with) which is why I was comparing it to larger syndication offerings realizing it may not be an apple to apple comparison. 

It has nothing to do with how good they are but might be an indicator that they are running a good business where they get to pick their clients.I have seen many reviews or burn posts here totally messing up a firms reputation where it did not seem the vendor did anything wrong and that it was mostly a highly picky client.

Network (local events are best, BP, Facebook groups, coffees w local investors)3. 

It's like saying when Starbucks rents a space and then profits from selling coffee, it's arbitrage. 

-type questions.Also, net worth can also be an incredibly misleading number.

Well, that effectively means there will never be an action on behalf of the property manager that will result in their insurance coverage protecting the owner.

Or house hack with 10-15% down + closing costs but same % of reserves.Until then, keep saving in a HYSA or as "risk-free" as on option with some yield will provide.You're not situated to be an REI right now, just deal with it.

Doing differently would be an opportunity cost.General partners of real estate funds are usually people who has a solid track record, able to provide the tax benefits, LT equity and cash flow you talked about.

I figured this would be an exciting post to brainstorm how others JV on deals.

This would be an excellent question for them.