Because I'm here, active in the market and I do NOT want every fool rushing in and ruining it for me and my clients.    

It gives them a reinvestment option to complete the exchange and doesn't require active management.

The LLC would own the property, and your 50/50 split can be outlined in a detailed operating agreement covering roles, responsibilities, and profit-sharing.Since lenders often require personal guarantees for LLC loans, clarify that your partner will be the sole guarantor.

Become active.

We've found it's more capable than others when it comes to integrations, reporting capabilities, and efficiencies.The software you've mentioned will be better for the PM activities (property-specific transactions) than keeping up with your financials as a whole. 

Of course there is nothing magical about a "syndication", it can be as good or bad as an investment in any other real estate activity.

There are several companies that send letters and some are active on Bigger Pockets.However, I would caution you to set expectations appropriately.1.

That being said, the only thing that being a QREP does is allow you to take losses against active income.  

I think the application is active for a month as well. 

Won't be really actively looking until late March or April.