The investors fund the mortgage pools.

Remember that for most owners, their business is very personal to them.

Additionally, some syndicators are mostly in the middle-person role of sorts; partnering with others who do the primary LOI/PSA/operation roles.

Your goals will define the route you take on this but building a list for buyers/investors is a time-intensive activity and the list is a living and breathing document.

When vetting a passive deal, every investor will do it differently because every investor has a different risk tolerance, comes from a different financial situation and has different financial goals.

I plan on driving alot to find distressed or run down multifamily properties that possibly are owned by an out of state investor and reaching out however would like everyone's opinion or personal experience on some other creative ways.

Great for personal residence but not for scaling.  

I am an out of state investor and I am being told the property manager can no longer serve the eviction notice.

A great way to get started is to go to local real estate investor meetups and meet other investors.

I personally have no connections with anyone who is involved in this niche and I'm wondering how other people have started their journey.