Its already long distance but if you have no desire to be involved, no boots on the ground in anyway, it may be hard to make it work.

The title attorney involved had open communication with all parties on this and an addendum was added to the contract stating this.   

The BRRRR strategy is doable for a newer investor, but it requires a lot of effort, consistency, and hands-on involvement—it's not exactly a passive way to invest.Whichever route you choose, if you're taking on the bulk of the work to analyze deals and select the best ones, it’s important to ensure your partnership reflects the time and energy you’re putting in.

Market Conditions Keep a close eye on the market, both locally and in terms of refinancing opportunities.

Of course, you would need to do your own research and due diligence when purchasing a company but perhaps that's a way to get involved in the trades in the owners seat.

The wholesaler created new terms with the tenants and the wholesaler plans to hold it so that the new loan gets seasoned, before selling the note.I opted not to get involved and have started my knowledge building into private lending.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

And particularly in large multifamily, there are systemic risks that do not make the risk worth it for most deals, in my eyes. 

As the situation became more complicated, I involved a lawyer and began mediation.

If syndicator is building reserves for the first year of ownership, for instance, and not paying distributions, AND recognizes rental profit, you will have a larger tax bill that year, since you "made money" in the IRS's eyes, even though you did not receive any cashflow from your syndicator.On a more general note, a preferred return does not mean you will get that amount of cash flow each year.