I hope you found the Google reviews before getting involved.

It's just not a subclass I want to be involved in, but perhaps you can make it work for you! 

Decide how involved in real estate you want to be.

Now more than ever, I am seeing offers required to be submitted through a portal where the listing agents want no business being involved with up front negotiations.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Lastly more to my point - I thought you worked for a MF syndication in the past that I was not sure but wanted to mention and that you are not just someone coming off the street having never been involved in a deal (unlike a lot of others).  

What methods do other private money lenders use to pass along servicing fees to the investors involved?

agree .. other wise its just the bottom feeders looking to take his equity from him  with couching it as a rescue.. his best bet it to sell if its owner occ the profit is tax free .. regroup and start over.. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I'm betting he'd drive to that area.