The overwhelming majority get tossed in the trash, but some get put in the desk drawer. 

For most appraisers this is too much work and overwhelming.

To save on costs they can't pay their staff nearly as well, leading to good employees leaving for better opportunities in the for-profit space. 

Worse yet, first-time deal managers are often overwhelmed by all the due diligence after their offer has been accepted and are pushed over the edge when adding on syndication.If you were born to invest in real estate, then becoming a real estate syndicator can open many doors.

When you start paying out money for management and staff you start hemorrhaging dollars.

On average the best efficiency one could realistically strive for is 200 doors per PM, so we are talking a couple dozen or so PM's on staff.

If the issues seem overwhelming and beyond your comfort level, it might be wise to pass on this property and look for a newer one that aligns better with your experience and budget.

I'm overwhelmed by which market(s) to choose. 

If you feel overwhelmed, consider seeking professional help from a financial advisor for personalized guidance.

Feel free to inquire about their staff qualifications if it's a larger organization.2.