Or, is it because said property has a certain set of characteristics it would be labeled factually in a certain grade. 

It's a hot foreign buyers market - a bad soup of the wrong ingredients.

., the magic ingredient is LTV%.

Someone relatively new, by contrast, would just see that $10k line-item labeled "tax" mixed in with all the other closing costs and think it's normal for them as the buyer to pay the full $10k.

The excel is labeled as "Stabilization Report".

I wouldn't trust it, and you're right to label him a "Guru."

I've downloaded one with and without the Texas Association of Realtors label on it (I'm not a realtor member)  The realtor version states "USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORS® IS NOT AUTHORIZED" so I'm guessing not a good plan to use it?

If you are interested in learning about raising capital which is a key ingredient of syndication you can check out my podcast interviews on my BP profile page.  

I did re-read his Sean's post now and see it is Civil Code 1695 so now the "equity stripping laws" label is making more sense.

Some parcels may have a long skinny strip of land bordering one side and labeled 'Unknown'.The county sometimes allows purchase of half the thickness of the strip leaving the other half available to the neighbors.