It's a much more complicated process than I care to get into with a blog post, but if you are seriously considering I would be more than happy to have a phone conversation with you about it.

It will prevent any tension between tenants/roommates because you can displace the authority of ownership to someone they don't know and they'll just view you as the middle man.Brandon talks about this strategy in some of his blogs to prevent unnecessary confrontation.

The purchaser takes the property charged with the primary liability for the payment of the prior mortgage and must therefore service the prior liens to prevent loss of the property by foreclosure of the prior liens.”https://www.jimersoncobb.com/blog/2012/08/special-considerations-for-bringing-a-foreclosure-action-by-a-junior-lienholder/

You want as much "experience" under your belt and while you don't have the personal experience, many MANY people have shared their personal experiences in these forums, in books, & other blogs online.

Check out my blog here on BP.

I think this would be a good blog post for you to read https://www.biggerpockets.com/renewsblog/brrrr-buyrehabrentrefinancerepeatprimer/ 

Here is another link with some light on the topic..https://www.ksnlaw.com/blog/illinois-appellate-cou...

https://www.theentrustgroup.com/blog/5-ways-to-partner-your-self-directed-ira

@Chase Gu, here are a couple of blogs that may help you understand MF syndication a bit better:What is Apartment Syndication?

I have written a BP blog article on Three Key Routes for Passive Real Estate Investing All best in your REI!