The crazy part is, is that I feel like these types of things are normal to find in almost any property if you care enough.

Here are a few recommendations for you:Read Beginner’s Guide http://www.biggerpockets.com/real-estate-investing and check out BP Podcast.If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below.

.- I can invest across different types of deals unusual or difficult for a smaller investor (multi-family, opportunistic/distressed offices, hotels, etc.).- I don't need to put up as much upfront equity as I would need to for doing it myself and I can use that capital across multiple deals.- Pricing 'should' be better from the perspective of fees, contractors, rates, etc. that the sponsor gets vs. me as a solo investor.- I don't care if the investment is less liquid vs. an ETF or REIT and I would aim to hold it for 5+ years at the bare minimum.Some other questions I had and would appreciate any advice:- Is an average minimum of 12-15% irr reasonable for syndicated deals ($10mm - $100mm) with an experienced sponsor?

What made you interested in investing in this type of deal?

There is virtually no way around this, unless you for example are renting a room, and another tenant, in the same unit, has a deadly allergy to a specific animal type. 

It will help you benchmark your current portfolio against potential alternatives and make these types of decisions easier. 

And I have a 7 figure portfolio invested in both direct real estate (via residential rentals) and syndication/crowdfunding passive investments (because I feel both have their strengths and weaknesses and I want both in my portfolio).To backup a second: You can find virtually every type of real-estate investment strategy ( core, core plus, value-added , opportunistic) and asset type ( multifamily , self storage, office, mobile home parks etc.) via syndication/crowdfunding.

I am educating myself as much as possible but I tend to be an analysis paralysis type of person so I want to make sure I dive in to the action as well.

Personally what type of investment is this?

When tenants face eviction, they are more likely to figure out this type of claim and pursue it against you.