You are correct that I don't think a vast majority of syndication investors will use something like this - but if you are in more than 5-10 deals, it can certainly simplify things. 

I find the idea that gurus are either good or bad drastically over simplifies the issue.

This is overly simplified, but that's 2.5% lower in that period.

Having a PM also simplifies the book keeping process.

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Of course, this is a simplified scenario, and it's crucial to factor in additional costs such as HOA fees, taxes, insurance premiums, and other potential expenses like SID/LID or master plan fees.

The changes are designed to simplify underwriting for multifamily housing development without presenting undue risk to FHA, and to provide for regular adjustments to the threshold so it does not unduly lag market changes.

Not sure if you are only considering an active role or simplify w/a hybrid approach.  

To simplify the situation I stated it as thought it was done but in face it had not been done yet, I wanted to seek advice prior. 

Only if the separation is a formal, legal one with a property division already approved by a judge AND with the concurrence of your attorney.Otherwise your new properties will likely be subject to any future property settlement which may make you a desperate seller and the target of every wholesaler on this site.Sorry you are going through this...in your shoes it is generally better to simplify instead of complicating finances.No legal advice given, just someone who has been there.