So while real estate sectors like retail and hospitality often see adverse effects, multifamily real estate goes largely unscathed.

If you are risk adverse real estate, (especially out of state) is not for you.

My question is whether or not there are any negative or adverse tax consequences to letting the funds accrue with the syndicator/operator.

Some varieties of mold are toxic and may cause adverse reactions in certain individuals.

Purpose being to enhance communication with my communication adverse tenants which happens to be every single one of them. 

An area that is boarded up, full of neglected properties, and bank adverse, all due to flooding, is not likely to come back because the thing that killed the neighborhood in the first place still exists - high potential for flooding. 

You can see that the scope of work and target market of these industries are very diverse therefore when 1 particular industry goes through a rough patch it doesn't affect the region as a whole just a select few employees, I.E: (detroit,windsor)when the auto industry went through a recession a lot of us noticed certain areas being affected adversely than others as there were no other sources of employment to pick up the slack.

The adverse is true if you are wanting tenants to pay off your mortgages.

In reality, I believe my partner and I have a solid business plan and do not plan on utilizing such protections, however, being risk adverse we would like to feel as comfortable as possible that our families home and assets are protected.

Recent adverse credit, maxed out revolving credit cards, tax liens, disregard of obligation, etc?