Always account for the costs of upcoming capital expenditure items in your purchase price.

Strategy is long term hold.Question - Apart from getting inspections done by a quality inspections company, what other items do I need to verify or consider as part of due diligence, before closing or in order to decide Go-No-Go?

There are three items required to make a successful partnership - Time, Experience, Capital.If you are a syndicator, you are likely expected to have time and experience.There is a lot that goes into being a competent syndicator - Proper communications, finding a good deal, communicating quarterly updates, networking with lenders, contractors, PM companies.You can gain experience by doing your own deals or working for someone who does(Ideally both).I personally think you should cement your experience before worrying about OPM.Best of luck

Always account for the costs of upcoming capital expenditure items in your purchase price.

.: BRRRR have some items that flips do not (plus most of the flip items):- refi appraisals in my market are conservative.  

We're currently looking for ways to streamline supplies for cleaners (toiletries, towels, item replacements) and handle small handyman issues.

Looking back at 2022, one of our largest line items was marketing expense for our new location.

You can definitely still write off mileage and many other items on your taxes without being in an LLC.

My only guess is your CPA is thinking this is a rental, where you can depreciate certain items, and expense others against "this years" income.  

It's important to have your attorney review the title commitment, as I've seen "wholesaler-friendly" title companies include various items in the title exceptions that could cause problems later on.