Keep all the OMs - start compiling your own database of market data. 

Just keep writing offers.I agree many OMs need to be thoroughly vetted as most are overly aggressive and probably even more so now that interest rates are rising.Happy to connect to see how we can help.

Some may only cover a portion of these expenses.Have your broker ask for the lease and OM on the property.

ThanksGreetings Andrew,I would get an OM completed for the property with the details and specs and present it to a local REIA or reach out to a couple of investors who they might know that would be interested in speaking further about the terms. 

The Offering Memorandum (OM) is also good, it will cover the main points of a fund but is usually marketing heavy.  

Hello,
Property details being reported: 8 Units5x one bedroom3x two bedroomIncome @ $102,000 (5% vacancy included)Expenses @ $43,000100% occupancy Advertised as undisclosed and then after talking to the broker he is ...

Also you could ask the broker if a OM is available.

Thank you for taking the time to read my post and I appreciate all feedback Brokers often post OM and financials on Loopnet that can be used to practice 

Making a toy model apartment deal based on syndications OMs I've read [ 250 units, $1,200 avg rent,  valued at a 5 Cap, 65% LTV] you'd need to own between $500k-1M of the equity to get the needed $100k of passive loss.That seems like a whole lot of of work and risk to save at most $2-10k in taxes, but that's my opinion. 

I have sent their OM out to my contacts, potential investors, and other brokers I have worked on the buying side in accumulating 9 apartment complexes in Lake County, Ohio since 2015.