Admittedly, they seem a bit sketchy,My question would be, for a person such as my self, how does one go about vetting these syndicates?  

I'm looking for referrals for a custodian, tax attorney, and a CPA to set one up and advise me.

Unfortunately, of everything that you have pointed out, this would be the one I would suggest selling. 

Quote from @Bryant Xavier: Todd,You knocked this one out of the park, man!

That is one concern, but the current tenants have been there for a long time. 

The 1% rule does not consider any expenses, especially ones that are high. 

I looking into converting a condo into one in the near future and would love to chat with some MTR hosts.

Pyment is $1,054, but $625 is interest.If you sold current house and bought new one with same mortgage amount, but current interest rate of 7%, the payment would be $1,663, interest amount $1,458.So, the interest cost difference would be $833 month!

Read every book you can on different niches of investing, at least one per month.

Sometimes I'll tell a serious story or a not so serious one.